Published 22 October 2012
Metlifecare Ltd has completed the acquisition of 2 adjoining sites in Unsworth Heights, Albany.
The company is planning to develop a 250-unit retirement village on the 4.4ha site on Unsworth Drive, offering a high-quality retirement lifestyle option. A 40-bed care facility is planned as part of the village.
Metlifecare expects to start construction in 2013. The village will include the usual modern retirement village facilities including a community centre, library & swimming/spa pools.
Managing director Alan Edwards said the company had been planning this acquisition for some time: “Auckland, with its large & increasing older population, is a key market for Metlifecare and Unsworth Heights will complement the development site at Glenfield acquired in April. These 2 sites will add to our portfolio of 12 operating villages in the region.”
Want to comment? Go to the forum.
Attribution: Company release, story written by Bob Dey for the Bob Dey Property Report.