Metlifecare sells Christchurch site to Bupa Care for $9.4 mln

Tue, 11 Sep 2012

By Hannah Lynch Sept 11 (BusinessDesk) - Metlifecare, the retirement village operator, has sold its Ilam Park site in Christchurch to rival Bupa Care Services New Zealand for $9.4 million. The sale is in line with Metlifecare's plan to shift its focus to the North Island as part of its merger with Vision Senior Living and Private Life Care in July, it said in a statement. The settlement will take place on Sept. 27. "Our emphasis is on the premium Auckland, Waikato and Bay of Plenty markets and we currently have a number of excellent greenf...

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