$45m retirement village proposed

23:32, Oct 18 2012

A retirement home operator is planning a $45 million village on the site of the old Feltex carpet factory in Upper Riccarton, at a smaller scale than a previous proposal on the same plot.

Bupa Care Services will seek council consents and talk with residents about erecting independent-living units on 2.8 hectares next to a New World supermarket in Peer St.

Bupa New Zealand managing director Dwayne Crombie said the company paid $9.4m for the site.

He said the land acquisition would help Bupa relocate the existing Parkwood village near the Eastgate Shopping Centre in Linwood.

Bupa wanted to build a care facility able to cater for 100 elderly people and in the first stage of a likely two-stage development build independent units for another 60 to 80 people.

Including the land purchase, the two stages would cost about $45m.


It would be a smaller village than that proposed by Vision Senior Living, one of the earlier landowners.

Part of the Parkwood village was damaged in the 2011 earthquakes, and while some residents were still living in the complex, the longer-term aim was for them to move to the former Feltex site.

''We've had to reduce the number of beds we offer because of some damage to part of it. Buying the piece of land is to enable us to completely rebuild the Parkwood home at ground zero [in Upper Riccarton],'' Crombie said.

The Parkwood site would be retained for development, and parties had already approached Bupa to use the village for temporary accommodation during the Christchurch rebuild.

Bupa, with the help of architects and transport advisers, was formulating the design of the Upper Riccarton complex and would take the plan through a consent process with the Christchurch City Council.

The village will probably be a maximum of three storeys.

The Press