Established in 1984, Metlifecare currently owns and operates a portfolio of 25 retirement villages in areas with strong local economies, supportive demographics and high median house prices, located predominantly in New Zealand’s upper North Island.
Market trends and drivers
The market for retirement village living in New Zealand is highly attractive and characterised by positive aging population demographics. New Zealand’s population aged over 75 is forecast to grow materially over the next 20 years and retirement village living is widely viewed as a secure and attractive lifestyle option for aging New Zealanders.
Metlifecare is a leading operator of retirement villages in New Zealand with an outstanding reputation for resident care. Supported by strong market and demographic trends, Metlifecare has significant value creation and investment potential through increasing the development pipeline, enlarging the group’s continuum of care offering, and investing in digital products and tools to further enhance the resident experience.