This article is from the Australian Property Journal archive
NEW Zealand’s Ryman Healthcare has acquired a 1ha Aberfeldie site in Melbourne’s north-west, with plans to build a resort-style village – its eight in Victoria.
The new village on Vida St will provide a full range of independent living options and aged care to more than 200 residents.
Chief development officer Andrew Mitchell said Aberfeldie is an established suburb with a real shortage for retirement care options.
“The site is just 9km from Melbourne’s CBD and it is close to a supermarket and retail precinct. There is a real shortage of retirement care options in the wider Essendon and Moonee Ponds area, and we believe residents will like the concept of a Ryman-style village in the area offering a continuum of care.
“Aberfeldie has excellent schools and access to town, and we think the village will be popular with residents looking to downsize their large family homes. In turn this will free up the area for families wanting to move close to schools,” he added.
The new village will expand Ryman’s exposure in Victoria to eight properties, it has sites for new villages at Coburg and Burwood East in Melbourne. In addition, it has sites at Mt Eliza and Mt Martha on the Mornington Peninsula, and at Geelong.
Ryman opened its first village at Wheelers Hill in Melbourne in 2014.
Australian Property Journal
