Summerset Group has purchased land to develop its second New Plymouth retirement village as it remains on track to build 450 retirements units across its New Zealand villages this year.
The 8.1-hectare property in Pohutukawa Place, Waiwhakaiho, is close to Fitzroy and Ngamotu golf clubs, Fitzroy Beach, and approximately seven kilometres from New Plymouth's central business district, the Wellington-based company said in a statement.
"The new village will help to provide for the expected 37 per cent increase in people aged over 75 in the New Plymouth area within the next decade," Summerset chief executive Julian Cook said. Summerset, like other retirement village operators, is expanding its businesses to benefit from increased demand as people born in the country's post-war era reach the target age for operators.
Summerset's existing village in New Plymouth houses more than 200 residents. The new village will include around 300 homes, including two-and-three bedroom villas and serviced and so-called memory care apartments. In addition, a care centre will provide rest home and hospital-level care.
The memory care apartments - Summerset's first in New Plymouth - offer people living with dementia their own one-bedroom apartment with living space and bathroom in a secure environment.
