Ryman filed an NZX notice this afternoon, saying successful mediation had secured a future for the new village.
"Ryman Healthcare's new Devonport village is set to proceed following a successful outcome to mediation talks with objectors. All parties attended mediation to discuss concerns and find common ground. The mediation was productive, differences were resolved amicably and an agreement has been signed off by all parties.
"The resolution now requires final approval from the Environment Court."
Andrew Mitchell, Ryman group development manager, expressed satisfaction.
"We're absolutely delighted to have come to an agreement with the Devonport Peninsula Precincts Society, Urban Auckland and the Institute of Architects. The talks have been constructive and we have agreed a resolution we are all happy with. We are pleased to be a step closer to providing a comprehensive care retirement village in the Devonport community that is desperately needed.
"This is great news for the more than 300 people on our waiting list who have been waiting for news," Mitchell said.