Ryman checks into Melbourne retirement village in $30m deal
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New Zealand-listed Ryman Healthcare is extending its portfolio of retirement villages in Victoria, with a $30 million deal to acquire a site in Melbourne’s south-east where it plans to build single-storey villas for the first time.
Ryman’s 12th land purchase in the state is a 4.6-hectare site on Jackson’s Road in Mulgrave. The New Zealand player opened its first facility at Wheelers Hill in Melbourne in 2014, the Weary Dunlop Retirement Village, and now has more than 900 residents in Victoria, with five villages up and running in the state and seven more under development.