Oceania Healthcare moves forward with plans for five new buildings

Company News

by Rachael Jones

Oceania Healthcare (ASX:OCA) has obtained another significant resource consent from Auckland Council for the redevelopment of its Elmwood Village in Auckland.

They already had resource consent to build a new 142 room aged care centre on land adjacent to the site that was acquired in 2016.

This new consent allows Oceania Healthcare to construct five new buildings, comprising 229 new independent living apartments and a new community centre, as part of the redevelopment of the site.

Shares in Oceania Healthcare (ASX:OCA) last traded at 92 cents.

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