Arvida posts first-half profit of $7.4m
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.
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.
An organisation representing many of New Zealand's 33,000 retirement village residents has backed changes to the dispute system.
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.
Neighbours have failed to stop Ryman Healthcare getting consent for a $100 million-plus village between Greenlane and One Tree Hill.
Graham Wilkinson's Christchurch-based Retirement Assets is spending $320 million developing and expanding three retirement villages and he is now hunting for further sites.
A dramatic rise in the number of rest-home caregivers working on temporary visas is raising concerns about disruption to the lives of vulnerable rest-home residents.
A neighbour is opposing a new Auckland Ryman Healthcare village, saying views will be blocked and roads jammed with traffic when hundreds of elderly people move in.
Ryman Healthcare's application to build a retirement village in Greenlane has drawn strong community reaction both for and against the $100 million-plus project.
Retirement village roll-up Arvida Group has raised the full $75 million sought through an initial public offering following strong demand for shares.
Arvida Group could soon begin acquiring additional retirement villages following it listing on the NZX next month, its chairman says.
It's good news if you're in your 30s but not so good if you're over 50 according to earnings data from Statistics New Zealand.