Oceania Healthcare Purchases Auckland Property
OCEANIA HEALTHCARE
2 Hargreaves Street, St Mary’s Bay, Auckland 1011
PO Box 9507, Newmarket, Auckland 1149, New Zealand
P +64 9 361 0350 F + 64 9 361 0351
www.oceaniahealthcare.co.nz
NZX & ASX RELEASE
18 DECEMBER 2017
OCEANIA HEALTHCARE PURCHASES AUCKLAND PROPERTY
Oceania Healthcare announced that it has entered into an unconditional agreement to acquire 8,945m
2
of vacant
land located at 14-22, 28 & 30 Waimarie Street, St Heliers, Auckland. It is intended that settlement will occur on
22 December 2017.
Oceania will develop an integrated Aged Care and Retirement Village facility on the land which has wide views over
Auckland’s harbour. Work on obtaining planning approvals will commence immediately.
This is Oceania Healthcare’s first greenfield acquisition and adds to its substantial brownfield development pipeline,
which will maintain development activity for 7-8 years into the future. Oceania’s CEO, Earl Gasparich, noted that
the property is in an excellent location with strong demand for Aged Care and Retirement Village living.
ENDS
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