Ryman buys site on Melbourne's Mornington Peninsula for new village

Thu, 08 Sep 2016

By Sophie Boot Sept. 9 (BusinessDesk) - Ryman Healthcare has bought a site in Melbourne's Mornington Peninsula as part of its planned expansion into Australia. New Zealand's biggest retirement village operator bought the 8.9 hectare Moondah Estate site in Mt Eliza from Melbourne Business School, it told the NZX yesterday afternoon. It intends to develop a beachside retirement village with independent living apartments and aged care, and more than 100 staff. No price was disclosed. The company opened its first Melbourne village, Weary D...

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