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.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.