Ryman buys Wellington site from Foodstuffs for new development

Thu, 03 Jul 2014

By Paul McBeth July 3 (BusinessDesk) - Ryman Healthcare, the country's biggest listed retirement village operator and developer, has bought land in Wellington which it plans to turn into a boutique village. The Christchurch-based company has bought a 6,000 square metre site in Newtown from supermarket operator Foodstuffs for an undisclosed sum, which it will develop into a new village with independent and serviced apartments, and resthome, hospital and dementia care, it said in a statement. The village will be Ryman's sixth in the Welling...

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