Aged care news

Dug down, walls now rising for $400m Mount Maunganui retirement village
A giant sandpile sits at the centre of the site where perimeter walls have been built.

One crucial word was missed from NZX announcement: Summerset CEO
A word can change a meaning and that was the case with the NZX statement on Tuesday.

75% of completed units in new $450m village unsold: Summerset
Just 25% of units finished at new St Johns village are under contract: 75% unsold so far.

Retirement village dispute: Race, gender prejudice cited, residents lost
Fight over weekly fees charged by the operator had morphed into something else: decision

Spotless NZ businesses sold in cleaning, catering shakeup
Clients include a major stadium and some of the country's most prestigious schools.

Retirement village vacancies rise: Ryman's chairman Dean Hamilton explains
Opening three new hospital buildings in Auckland and Hastings pushed up vacancies.

Ryman result: Australasian business has 1156 empty retirement homes
A new phenomenon: increasing vacancies being declared in our retirement villages.

Oceania Healthcare records $17.1m interim loss, sells properties
Firm selling older rest homes to put money into more upmarket villages, fancy care suites.

City hall 'squeeze' on developers; Winton contractor driving piles; half-year results season - Property Insider
'Developers are a good target for a council under financial pressure.' - Steve Evans