Metlifecare investigates building problems with Auckland Links Apartment complex

Mon, 14 Oct 2013

By Tina Morrison Oct. 15 (BusinessDesk) – Metlifecare, New Zealand’s second-largest listed retirement village operator, is investigating building problems with an Auckland village it acquired as part of a merger with Private Life Care Holdings last year. The Auckland-based company flagged the building issue at its Links Apartments at Hibiscus Coast Village in its prospectus last week for listing on the Australian stock exchange, saying the cost of remedial work is currently unknown. “There is an area in the basement which was not designed e...

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