Ryman Healthcare buys Highett site

Ryman Healthcare Ltd, 92 Russley Rd, Avonhead, Christchurch 8140


MEDIA RELEASE November 21, 2019
Ryman Healthcare buys Highett site
Eleventh Ryman village in Victoria planned for Bayside suburb


Ryman Healthcare is planning to build a new $180 million retirement village at Highett in
Melbourne.
Ryman is a fast-growing new entrant into the aged care and retirement living sector in
Victoria, building villages that combine beautiful apartments and full-service care centres,
including dementia care.
The 1.2-hectare Graham Road site is a short distance from the Highett train station and
Southland Shopping Centre, and there is a high demand for independent living and care in
the immediate area.
The village will be 15km southeast of Melbourne’s CBD and is in a popular Bayside location.
Ryman Acting Chief Development Officer Jeremy Moore said it was rare to find a large site
in the area and the Highett village will make a great place for retirees to live.
“We’re delighted to secure a site in Highett. We know Baysiders love the area and we can’t
wait to get started on building a community where they can enjoy their surroundings with
the comfort of knowing there is a care centre on site.’’
The Highett village will include a care centre with residential aged care, as well as specialist
dementia care. It will include serviced and independent apartments, an indoor swimming
pool, movie theatre, café, and hair and beauty salons.
“The village will provide a significant number of construction jobs during the building phase
and more than 120 permanent jobs once it is operating.’’

Ryman Healthcare Ltd, 92 Russley Rd, Avonhead, Christchurch 8140

Ryman has been providing retirement living and care for 35 years and has been voted the
Most Trusted Brand in the aged care and retirement sector in New Zealand five times.
Ryman opened its first village at Wheelers Hill in Melbourne in 2014 and now has more than
650 residents in Victoria.
Ryman Healthcare names its villages in honour of respected local people.
Other Ryman villages in Victoria include Weary Dunlop at Wheelers Hill and Nellie Melba
at Brandon Park.
Ryman Chief Sales and Marketing Officer Debbie McClure said naming suggestions were
welcome.
“There’s nothing like a bit of local knowledge and we’ve found over the years that the best
suggestions come from the people who know the place well. We’d love to hear any
suggestions and to name it in honour of a Melbourne local.’’
Ryman Healthcare has sites for new villages at Burwood East, Aberfeldie, Ringwood East and
Coburg in Melbourne. In addition, it has sites at Mt Eliza and Mt Martha on the Mornington
Peninsula, and at Geelong and Ocean Grove on the Bellarine Peninsula.
About Ryman: Ryman Healthcare was founded in Christchurch in 1984 and owns and
operates 36 retirement villages in New Zealand and Australia. Ryman villages are home to
more than 11,400 residents, and the company employs over 5,700 staff.
Contacts: For media information or images contact David King, Corporate Affairs
Manager, on 021 499 602 (+64 21 499 602) or email david.king@rymanhealthcare.com

For investor relations information contact Michelle Perkins, Investor Relations Manager, on
027 222 9684 (+64 27 222 9684) or email michelle.perkins@rymanhealthcare.com