New villages for retired highlight growth area

Two Auckland retirement village projects worth about $200 million open this week.

On Saturday, Metlifecare will open part of a huge new village on the North Shore just a day after rival Summerset opens its $90 million South Auckland village.

Metlifecare chief executive Richard de Haast, company board members, residents and consultants including architects will hear Olympian kayaker Ian Ferguson speak at the event where the first units in multi-level blocks near the busy intersection will be opened.

The NZX-listed business will then unveil the first stage of what it says will be the country's largest new retirement village, at the corner of Shakespeare Rd and Taharoto Rd across from Smales Farm at Takapuna.

The North Shore development will eventually have 246 apartments, 15 serviced units and five care suites on the site beside North Shore Hospital. Building work is finished on the project's first stage.

To read the full NZ Herald article click here

Posted: 17 Jun 2009

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