Metlifecare to build $200 million retirement village in Wanaka

Metlifecare has purchased 5.4 ha of land in the Three Parks development in Wanaka to build a retirement village comprising 120 villas and 17 apartments. Photo / Provided

Wanaka’s retirement options are set to increase significantly, with leading retirement village provider Metlifecare just announcing it will build a $200 million premium retirement village at Three Parks.

Metlifecare has purchased 5.4ha of land from Three Parks developer Allan Dippie and plans 120 villas and 17 apartments, providing a full continuum of care from independent living to residential aged care services.

The developer now appoints an architect. Once designs and resource consent are finalized, construction is expected to begin next year, with the first stage expected to be completed in 2025.

Metlifecare has 32 villages in the North Island, caring for 6500 elderly people and employing 1700 people.

The purchase of the Wanaka land marks the company’s return to the South Island after selling villages in Nelson and Christchurch around 10 years ago during a rationalization phase.

Metlifecare chief executive Earl Gasparich said it was a “marking day” and an important step in increasing the company’s geographic footprint. The central location, close to Wanaka’s golf course, recreation center, swimming pool and other amenities, “ticks all the boxes for an upscale retirement living destination,” Gasparich said.

“We look forward to actively engaging with the local community throughout the design and development process. We are committed to ensuring that our village is a valued and proud part of the Wanaka community,” he said. declared.

Options for seniors in Wanaka are currently limited as the two existing villages are full and have waiting lists.

Aspiring Lifestyle Retirement Village has 124 villas and 16 apartments, while Wanaka Retirement Village has 14 villas, three cottages and 11 apartments.

The Presbyterian Support Otago-Aspiring Enliven joint venture also offers a total of 83 aged care/nursing home rooms across Elmslie House in Meadowstone and Aspiring Enliven in Cardrona Valley Rd.

The Metlifecare development would create 140 construction jobs locally and, when fully operational, would employ around 50 people.

Allan Dippie, developer of the Three Parks housing estate, from Wanaka, said he was delighted to welcome Metlifecare and hoped larger projects in Three Parks would be announced over the coming months.

“This is actually Three Parks’ first residential development, which until now has focused on commercial, retail, recreational and educational initiatives.

“This is a very exciting project for Wanaka… Metlifecare wants to start the project as soon as possible, so from our side we are jumping straight into action with the earthworks [for roads and infrastructure],” he said.

Wanaka is one of the fastest growing cities in the country, with a population of 16,250 in 2021, according to Infometrics (up from 9,270 in 2011 and 4,840 in 2001).

Wanaka’s two existing retirement residence providers are also planning more development to meet demand.

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