A trans-Tasman retirement living operator has announced it will be embarking on its 12th Melbourne retirement village, after purchasing a 4.6 hectare site in the city's south-east.
Ryman Healthcare's proposed $180 million Mulgrave village will have more than 80 two and three-bedroom villas, along with more than 110 independent and serviced apartments and a 60-bed aged care centre.
Ryman Australia CEO Cameron Holland said the new village mix will offer a point of difference in the company’s overall offering in Melbourne.
“If we’ve learned anything in almost 40 years of doing this it’s that you can’t be one-size-fits all," Mr Holland said.
“People want choice and, while we’ve seen really strong demand for our apartment-living options, a lot of older Melburnians are keen to downsize to something that provides a different kind of lifestyle.
“Our integrated model offering aged care on site has proved extremely popular with people who want the peace of mind of knowing their healthcare needs can be met in one village community."
The undeveloped Jackson Rd site has spectacular panoramic views of the Dandenong Ranges, is just a short walk to Waverley Gardens Shopping Centre and Waverley Park, and has easy access to the Monash and Eastlink freeways.
Single-story villas have been popular at Ryman's retirement villages at Ocean Grove and Geelong, and will be the centrepiece of its new village in Mulgrave, in Melbourne's southeast.
The village will include a range of amenities, including a café, bar, cinema, gymnasium, hair and beauty salons, and an all-weather bowling green.
Ryman, a New Zealand-based company, is now one of the fastest-growing operators in the aged care and retirement living sector in Victoria.
It opened its first village, Weary Dunlop, at Wheelers Hill in Melbourne in 2014 and now has more than 900 residents across five operational villages in Victoria, with a further seven in development.
Ryman names all its villages in honour of outstanding Australians.
Other Ryman villages in Victoria include Charles Brownlow in Highton, John Flynn at Burwood East, Nellie Melba at Brandon Park, and Deborah Cheetham at Ocean Grove.
New villages are under construction at Aberfeldie and Highett, and the other development sites in its landbank are at Ringwood East and Essendon in Melbourne, and Mt Eliza and Mt Martha on the Mornington Peninsula.