Summerset first-half profit growth slows
New Zealand's third-largest retirement village operator, increased first-half profit at a slower pace as it focuses on developing villages for future growth.
New Zealand's third-largest retirement village operator, increased first-half profit at a slower pace as it focuses on developing villages for future growth.
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.
As caring for a rising population of elderly people — some with dementia — becomes an increasing problem, novel options are being tested
The Government's Housing Accord with Auckland Council will hopefully go some way to boosting the delivery of much-needed housing.
Retirement village operators will fail, more law changes are on the cards and businesses in the sector will undergo more mergers, says Norah Barlow.
Local hapu Ngati Whatua Orakei now says it isn't selling a prime piece of Auckland waterfront land to retirement village operator Ryman - it's only leasing it.
New Zealand's male-dominated business culture with its old-boy sports and education network is sabotaging the promotion of women, says exiting Summerset Group boss Norah Barlow.
Ryman Healthcare will invest $690 million in Auckland, building five of eight new villages in the city including one $210 million project.
Adjusting people's retirement savings for inflation has dented the confidence of those putting a nest egg aside, an ANZ survey has found.
It's a sunny weekday morning and the lounge of Maygrove Village in Orewa is sparsely populated.
All Black captain Richie McCaw has been planning for retirement by investing in the aged-care industry.
A retirement village developer spending $500 million in Auckland says building in the city is hard because Auckland Council is extremely slow to process consent applications.
A rest home where a nurse was accused of threatening an elderly woman with being committed to a mental institution says it has made major changes and provides high-quality care.
"It's not a commodity you're dealing with, it's humans." Lloyd Dean fears the Edmund Hillary Retirement Village in Remuera failed to learn the lessons of his dad's death.
An outbreak of scabies infestations at a rest home wasn't managed properly for nine months, an official investigation has found.
Long-term care for elderly New Zealanders is becoming a byproduct of the property development business.
A trust that sold off a 100-year lease of Auckland's historic Ranfurly veterans' home has called in an outside expert to review the quality of care the veterans are now receiving.
Ryman Healthcare launched a promotion of its new $140 million Auckland retirement village yesterday as its boss told of Wellington staff changes following issues over care.
Executives at highly rated retirement business Summerset Group Holdings say it is on target to finish 200 new village units this year and that they are gearing up to build 300 by 2015.