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City-based retirement village developer and operator Qestral Corporation is buying 12 hectares of land in Halswell, between Milns and Sparks Rds, to develop a new retirement village called Banbury Park.
Banbury Park will have 60 large rest home and hospital suites, 20 dementia suites, 40 serviced apartments and 200 independent and serviced houses with a range of architectural designs.
“This will be an exciting and expansive concept, well suited to the rural surroundings of the area. The houses and common facilities will be attractively designed by award-winning architect Kerry Mason with good spaces between the units and no building more than two storeys,” executive chairman John Ryder said.
CEO Simon O’Dowd said Halswell was rapidly expanding and the retirement village would fulfil a need for older residents wanting to stay in the area or move there.
Between 2013 and 2018, the Halswell ward’s population increased by about 7000 people - from 20,400 to 27,400.
“Increasing government funding constraints are leading to elderly people looking at extra services in the private village market,”Mr O’Dowd said.
Qestral owns Alpine View Village in Burwood and is developing the Burlington Village in Redwood, with “new generation concepts,” including electronic healthcare monitoring and more connectivity between residents.
Qestral is also developing retirement villages in Nelson, Hamilton and Northland.