Bupa Set To Provide Needed Housing For Older People of Chch

Bupa Set To Provide Much Needed Housing For Older People Of Christchurch

Bupa Care Services has purchased land in Ilam Park, Christchurch. The site was purchased off Metlifecare owners of Vision Senior Living for a sum of for $9.4 million making it the largest land purchase that Bupa have made in New Zealand as part of expanding their care services in the Canterbury area.

Development of the land will include a retirement village with stage one of approximately 66 apartments with further building in stages to follow.

Bupa will be seeking resource consent for a 100 bed care home with hospital, rest home and other care beds. This new Home will be a replacement for the Parkwood Home located in Eastgate which has suffered serious damage. Whilst remedial work has made Parkwood safe it requires replacement in the medium term.

“Bupa is delighted to make this very significant commitment to the rebuilding of community facilities in Christchurch and collectively they will provide a complementary continuum of care for older people in the region”. said Dwayne Crombie, Managing Director Bupa Care Services. “This development is an important contribution to the available housing stock and residential care for Christchurch and will be built to the latest Earthquake standards.”

Bupa currently operates 63 care homes and retirement villages across New Zealand including six care homes and one retirement village in Christchurch. Final settlement is planned for 27 September 2012.

About Bupa

Bupa Care Services New Zealand is part of the Bupa Group a leading international healthcare company. Established in New Zealand in 1991, Bupa has three aged care businesses; rest homes and hospitals; retirement villages and personal medical alarms plus a brain rehabilitation business, looking after more than 16,000 New Zealanders.

Established in 1947, the Bupa Group has over ten million customers in more than 190 countries and employs over 55,000 people around the world. Their main interests are care homes for young disabled and older people, health insurance, workplace health services, health assessments and chronic disease management services, including health coaching and healthcare services in the home.

Bupa has no shareholders. They reinvest their money to provide better healthcare for their customers, helping them to live longer, happier, healthier lives.

ENDS

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