NZ Herald By Anne Gibson 6/8/13

Three NZX-listed retirement businesses are in a big growth phase, with more than 1000 new units planned.

The North Shore and its rapidly ageing population is a magnet - Ryman has plans for a new Birkenhead aged-care village and Metlifecare is expanding at Takapuna with plans for new villages at Glenfield and Unsworth Heights. Metlifecare is adding 55 new units at Takapuna where building work began six years ago and where many people have lived for the last three years.

Alan Edwards, Metlifecare chief executive and managing director, said two cranes are at The Poynton on the corner of Shakespeare Rd and Taharoto Rd where building firm Hayden and Rollett won the main contract for the phase three expansion.  The Poynton, by North Shore Hospital, opened in June 2009 with 144 units built in stage one and two. So the latest work is the third phase. A fourth stage, with a further 62 units, is due to be built next year.

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