One of New Zealand’s largest operators of retirement villages and aged care facilities has invested in Queenstown with its recent acquisition of the Queenstown Country Club.
The Arvida Group has villages throughout New Zealand, with over 4,000 residents across 29 locations, and their purchase of the Queenstown Country Club from the Sanderson Group, expands their portfolio further.
“Along with the Queenstown Country Club we also bought Bethlehem Shores and the Bethlehem Country Club in Tauranga in a transaction worth approximately $180m from Fraser Sanderson, who has been a long-term developer of high-quality retirement villages in New Zealand,” says Arvida chief executive Bill McDonald.
“This purchase has added 326 independent living units to our overall footprint and offers our company the opportunity to develop another 504. We were attracted to these properties because of their quality and future development capabilities.”
He says the Queenstown Country Club site, on Ladies Mile, is a premier spot with Warren and Mahoney designed homes with a premium fit out specification.
“ It has been built to maximise the alpine environment of the region and is already a sought-after lifestyle option for those looking to retire in the area. It is very satisfying to now be part of this highly attractive property and be driving it’s future development.”
“ There are show homes to view that are available for purchase each with their own unique attributes. The addition of onsite community facilities planned to commence construction next year will add to the overall comfort and pleasure for residents,” says Bill. “Residents will also enjoy the convenience of the complementary health precinct being built site.
“ We want to create villages that become part of the wide community, and ones that provide services of value to retirees, whether they live there or not. We believe that remaining engaged, active and happy is the key to enjoying retirement and the Queenstown Country Club offers that and so much more.”
Arvida plans to add further facilities, including developing premium care suites at the Queenstown property, in line with the company’s strategy for providing ongoing care for its residents.