Metlifecare buys waterfront land in Auckland's Hobsonville for new $240M village

Thu, 19 Oct 2017

By Paul McBeth Oct. 20 (BusinessDesk) - Metlifecare plans to spend $240 million developing a new retirement village in Auckland's Hobsonville with the acquisition of waterfront land in the city's northwestern suburb. Auckland-based Metlifecare anticipates the new village will have 300 living and care units, and said the conditions attached to the deal, which includes resource consent, will probably be met in the third quarter of next year. The new village would take Metlifecare's portfolio to 28, and covers an area of Auckland that's "si...

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