NZX-listed New Zealand retirement village operator Ryman Healthcare plans to branch out of Melbourne, announcing a new $100 million project in Geelong.

Ryman is building four villages in Melbourne and one in Mount Eliza on the Mornington Peninsula, but now the Christchurch-headquartered business says it has been attracted to a new city for its sixth village in Victoria.

Andrew Mitchell, Ryman development manager, said the business had bought a 3.2ha site in Highton in Victoria's second biggest city.

"Geelong is a vibrant city with an ageing population and we think residents will like the concept of a resort-style village with a continuum of care," Mitchell said. "We know Geelong residents love the place and it will be great to be able to build them a retirement village so they can be cared for without having to move."

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Ryman, headed by Simon Challies, would be consulting with residents in the area before submitting plans for the village.

On Friday, Ryman and a North Shore lobby group announced successful mediation after Environment Court action over Wakakura, the Ngati Whatua site which Ryman has leased for 150 years and where it plans a big new village between Devonport and Takapuna.

At Geelong, Ryman plans independent living apartments and townhouses, assisted living units and a hospital or aged care centre. Its project will have an indoor pool, hair and beauty salons, a bowling green, and a movie theatre, Mitchell said.