Northwood site for Ryman Healthcare

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


MEDIA RELEASE November 21, 2019
Northwood site for Ryman Healthcare
Fast-growing suburb to get a new Ryman community


Ryman Healthcare is planning to build a new retirement village at Northwood in
Christchurch.
Ryman, which has been providing retirement living and care in Christchurch since 1984, has
applied for Overseas Investment Office approval to acquire a 12.9-hectare site adjacent to
the Northwood residential development.
The Main North Road site is across the road from the Northwood Supa Centre and will
cater to the needs of retirees in the fast-growing northern suburbs.
Ryman Acting Chief Development Officer Jeremy Moore said it was a large attractive site
near the Styx River and the $149 million village was likely to be a valuable addition to the
area.
“We think it is a great site with a peaceful outlook and is also close to shops and amenities.
“The northern suburbs of Christchurch have seen strong growth for two decades, and we
know people love living in the area,’’ Jeremy said.
“The village means local people can choose from new retirement living options with the
comfort of knowing there is care on site.’’
The Northwood site is likely to include a care centre with residential aged care, including
resthome, hospital and dementia care. It will include serviced apartments and independent
townhouses and apartments.
“The village will provide construction jobs during the building phase and a significant number
of permanent jobs once it is operating.’’
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 Healthcare Ltd, 92 Russley Rd, Avonhead, Christchurch 8140

Ryman was founded by Christchurch’s Kevin Hickman and John Ryder, and now has 36
villages in New Zealand and Victoria.
Ryman Chief Sales and Marketing Officer Debbie McClure said naming suggestions were
welcome.
Ryman operates seven villages in Christchurch and Rangiora. They are Essie Summers
(Beckenham), Anthony Wilding (Aidanfield), Ngaio Marsh (Papanui), Margaret Stoddart
(Riccarton), Diana Isaac (Mairehau), Woodcote (Hornby), and Charles Upham (Rangiora).
“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 have already honoured
some great Cantabrians, and we’d love to hear any suggestions and to name it in honour of
a respected local.’’
The purchase is conditional on Ryman being granted consent to acquire the land under the
Overseas Investment Act. The Northwood site would be Ryman’s third new site purchase
in Christchurch this year. In May Ryman announced it had purchased a site at Bishopspark
overlooking Hagley Park, and a new site adjacent to Riccarton Racecourse.
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 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