Ryman buys site of former school in Melbourne suburb of Coburg

Thu, 13 Oct 2016

By Edwin Mitson Oct. 13 (BusinessDesk) - Ryman Healthcare, the country's biggest listed retirement home operator, is to redevelop a former school in the Coburg suburb of Melbourne. The 1.2-hectare site is about 10 kilometres from the central business district and next to the Coburg Lions AFL ground and a reserve, the Christchurch-based company said in a statement. The site had previously been approved for a large residential development. It will be "the first village of its kind in the area, which has a significant older population,"...

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