Our Joint Venture with Metlifecare sees properties at Carroll and Ngata Streets being developed into a new aspect of the current retirement village.
Trustees visited the site in February 2022 and are pleased with the progress to date. Humphries Construction holds the development contract, using local sub-contractors with their main one being Higgins. Development committee meetings are held monthly with the project being analysed every step of the way.
The Metlifecare sales and marketing team are looking at the marketplace and surrounding areas to gauge pricing of villas with an aim to go to the market in the second half of this year. To date, there has been strong interest in the villas.
Development commenced in October 2021 and it is anticipated completion of Stage 1 will be in March 2023 and Stage 2 by the end of 2023.