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'We hate to let them down' - Ryman on village delays
NZ's biggest listed retirement village operator Ryman, has set up its own precast concrete factory, as delays hit one of its big building project.
NZ's biggest listed retirement village operator Ryman, has set up its own precast concrete factory, as delays hit one of its big building project.
Ryman Healthcare has bought a 4ha site in Auckland for a $200 million retirement village.
Summerset Group, expects the opening of a new village in the Auckland this year will keep sales humming.
Arvida Group reported annual earnings ahead of its prospectus forecast and is confident of further gains in 2017.
Summerset Group plans to build a second retirement village in Nelson after buying an eight-hectare site in Richmond.
A crown organisation is out to raise awareness about the real financial, personal and legal impact of buying into a retirement village.
Retirement village residents who buy into a huge new Hobsonville waterfront village will lose 25pc of their purchase price when they sell after five years.
Older people are more likely to be targeted by scams and fraud.
More than 11 new retirement villages will need to be built annually to cater for our aging population.
Arvida Group posted its first-half profit of about $7.4 million, putting it on track to meet its prospectus forecast for full-year earnings.
Serious weathertightness issues have been found at the popular Eastcliffe Retirement Village in Orakei and repairs to the buildings will cost $12 million and take five years to fix.
Retirement village dispute resolutions could soon be improved, after gaps in the system were criticised.
'Like living in Club Med" or "siloing a generation". Retirement villages attract strong feelings for and against.
A retirement village set up an elaborate hidden-camera sting to catch one of its workers, after residents complained that they had lost thousands of dollars.
Huge demand in the retirement sector propelled Metlifecare to push up net profit after tax 78.3 per cent to $122.7m.
Residents at Warkworth's Summerset Falls retirement village have complained about delays to a recreation centre expansion.
Selwyn Village residents are leading the charge to try to get the staff who look after them a living wage.
A forum is being established by the retirement commissioner to investigate better ways to resolve disputes.
One of New Zealand's largest privately owned elderly-care, rest home and retirement village businesses is planning a $450 million to $500 million expansion.
The results of a probe into retirement village residents' complaints and disputes with their owners and managers will be revealed next month and could lead to a shake-up.
Retirement village residents have created their own body, seeking a law review to give them more power.
Nearly 33,000 New Zealanders live in retirement villages, up from just over 24,000 people three years ago.
A rest home worker who was dismissed after being caught with a gardener in a dead resident's room has been awarded more than $28,000 in compensation.
Two near-misses in which elderly dementia sufferers narrowly avoided harm after wandering away from caregivers have been slammed as "appalling".
An Auckland hospital for the elderly failed to make a written plan on how staff would prevent a high-risk resident from developing pressure sores.
Watercare is pumping water from tankers into water pipes for almost 600 elderly people in two retirement villages and a hospital affected by a general water outage in the Albany area.