Announcement

GENERAL: OCA: Resource consent issued for Waimarie Street Development 10:00am 
OCA
20/08/2019 10:00
GENERAL
NOT PRICE SENSITIVE
REL: 1000 HRS Oceania Healthcare Limited

GENERAL: OCA: Resource consent issued for Waimarie Street Development

RESOURCE CONSENT ISSUED FOR WAIMARIE STREET DEVELOPMENT

Oceania Healthcare is pleased to announce that it has obtained resource
consent from Auckland Council for its development at Waimarie Street in St
Heliers, Auckland. The resource consent application was publicly notified,
and the application was heard before a Council Hearing Panel on 22 and 23
July 2019.

Oceania Healthcare initially acquired 8,945m2 of land in Waimarie Street in
March 2018 and subsequent purchases of neighbouring properties in the second
half of 2018 increased Oceania Healthcare's holding to 13,464m2.

The premium integrated aged care centre and retirement village complex will
comprise 76 independent living apartments and 31 luxury care suites, together
with undercover parking and community facilities. The property is in an
excellent location with strong demand for Aged Care and Retirement Village
living.

Oceania Healthcare Chief Executive Officer, Earl Gasparich said "We are
delighted to have received the consent for our Waimarie Street development.
This site presents a unique opportunity for us to construct a boutique
village in the heart of St Heliers, with most units enjoying stunning views
over the Waitemata Harbour and the Auckland CBD. The development is an
integral part of Oceania Healthcare's strategic growth plan and will be the
first "greenfield" development that we have undertaken. With the resource
consent now granted, we are putting the finishing touches on the design of
the village and are looking forward to construction starting in the second
half of 2020."

ENDS
For all media enquiries, please contact Miriam Carter on (09) 361 0350
Oceania Healthcare Limited is New Zealand's third largest residential aged
care provider and sixth largest retirement village operator. Oceania
Healthcare has a total of 3,856 beds, suites and units located at 46 sites in
the North and South Islands.
End CA:00339431 For:OCA Type:GENERAL Time:2019-08-20 10:00:55

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