Building consents for Tauranga retirement villages have soared with one owner describing the growth in demand as “insane”.
Data from Priority One shows in the year to July 2016, 96 consents were issued, valued at $51.8 million, compared with 87 consents valued at $33.6m for all of 2015 and 35 consents for 2014 valued at $14.3m.
The largest single value consent over the same timeframes was issued to Metlifecare Somervale at Mount Maunganui in March for $11.7m to erect a 69-bed care home and 16 new serviced apartments.
Construction started in April and the facility was expected to open in mid-2017.
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