Ryman Healthcare has purchased yet another retirement village site in Melbourne, as the NZ-based operator continues its plans to become Victoria’s largest operator.
Ryman has unveiled plans to transform a six-hectare vacant site at Driscolls Road in Kealba, in Melbourne’s north-west, into a $155 million integrated retirement village.
The village will combine independent living villas and a full aged care centre, including specialist dementia care, on a single site for the community.
The village will also include a café, bar, gym, cinema, indoor pool, hair and beauty salons, and a bowling green.
It will create more than 150 long-term jobs for the area as well as work for hundreds of tradies and contractors during its construction phase. It could be open as early as 2024.
The Kealba site borders the Bellara Crescent Reserve and has the Keilor Central shopping centre on its doorstep. It is a 15-minute drive to Melbourne Airport.
Ryman Australia CEO Cameron Holland said the Kealba village would provide urgently needed retirement living options as well as care for retirees in the north west.
“There is a particularly acute shortage of retirement living and aged care options in the Kealba area so we’re keen to help meet that pressing need in the community,” Mr Holland said.
“We know that retirees looking to downsize don’t want to go just anywhere.
“They want to be in a great location and remain connected to the family, friends and social networks in their local community."
Ryman Healthcare is a fast-growing operator in the Victorian market, with five operational villages and another eight in its development plans.
“Since opening our first village in Melbourne seven years ago we’ve seen a huge appetite for high quality retirement living communities that also offer aged care on site,” Mr Holland said.
“Older Australians want the peace of mind that comes with knowing that if their health needs change, they’ll be able to access world-class aged care right where they are.”
Mr Holland said the purchase of the Kealba site was fuelled by strong demand for the model Ryman has brought to the Victorian market.
Since opening its first Australian village in Melbourne in 2014, Ryman has invested more than $1 billion in Victoria. Its villages are home to more than 800 residents in Australia.
Ryman Healthcare was founded in Christchurch, New Zealand in 1984 and owns and operates 43 retirement villages in New Zealand and Australia. Ryman villages are home to more than 12,800 residents, and the company employs over 6,400 staff.
Ryman opened its first Australian village, Weary Dunlop, in Wheelers Hill in 2014.
FIND OUT MORE: