News

20.09.2009

Wanaka Retirement Village Site Works About to Start

Group photo

Groundwork is about to commence on the $8.5 million Wanaka Retirement Village in Meadowstone Drive.

The Board of Presbyterian Support Otago, owner-operators of the village, last week accepted a tender from The Breen Construction Company and work will begin immediately the Queenstown Lakes District Council issues its building consent.

PSO Chief Executive Gillian Bremner said it was exciting to think that this time next year the 14-villa, eight-apartment village would be ready for occupation.

“We᾿ve had an over-subscription of people formally registering their intention to acquire a home here and it will be a relief for them to see action on the site,” Mrs Bremner said.

The village will be a life-care facility offering support services, as required, from the adjacent Elmslie House, PSO᾿s 30-resident rest home and hospital facility. The Oamaru stone and cedar village has been designed by Dunedin architect Sam Smith of Samuel Smith Architects Ltd, in keeping with neighbouring architecture.

Residents will acquire a residence through an Occupation Right Agreement (ORA); a ‘right to occupy᾿ system of residency now chosen by the majority of retirement villages in New Zealand and one that operates under the Retirement Villages Act 2003.

Wanaka property agency Professionals Wanaka Wide Realty Ltd as been appointed to sell the ORAs.

A “Celebrating Our Future” event to mark the start of construction and launch of the sales process will be held on Wednesday 30 September.