Ryman snags Tropicana in Auckland residential village push

Mon, 21 Jul 2014

By Suze Metherell July 21 (BusinessDesk) - Ryman Healthcare, the country's biggest listed retirement village builder and operator, has bought Tropicana, an 8.9 hectare block in Auckland's south eastern area of Lynfield and Blockhouse Bay to expand its range of units in the city. The Christchurch-based company said the $120 million Auckland project will include an independent retirement village as a well as serviced apartments, and a rest home with hospital and dementia care, it said in a statement, without being more specific. The undeve...

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