That site will need to be cleared prior to the units being built.
"This process will take some time. It is not expected that building of units will start until mid 2019. The units will be available for purchase under Occupation Rights Agreements once completed."
Gadsby added the trust had also purchased a property in Guy St, Waipawa, where12 rental units would be built. Completion is expected by early 2020.
"There has been evidence of demand for units in Waipawa.
"The two projects, once completed, will add to the accommodation units owned by the trust at Lumsden Court, Windsor Villas, Willowpark, Gordon Road, Mayfair, Havelock North and Waipawa.
"On completion, the trust will own 150 units designed for independent older people, wishing to live in pleasant, quiet and safe areas."