Latest news with #Ryman
NZ Herald
a day ago
- Business
- NZ Herald
$120m Wiri sale; Ryman's sinking village buildings; Former business boss Michael Barnett opposes Bay of Islands marina
Goldfinch was the sole agent on the sale. Auckland Council's rates records show the 9.2ha property, valued at $128.9m, has a 6100sq m building on it. Goldfinch said the sale reinforced the resilience of the industrial sector. The giant warehouse is leased to a number of tenants. ESR plans to demolish it and realise the site's potential. Goldfinch said redevelopment of the site was being planned in two stages over the next two to three years. It's not the only big industrial sector deal to get over the line of late. Last month, Goodman Property Trust revealed the sale of 28% of its East Tāmaki Highbrook estate to Goodman Group and Mercer for $580m. That was announced on May 29. Highbrook, the giant business park in Auckland. Photo / Jason Dorday In the inner city, Precinct Properties plans to sell its InterContinental Auckland to Singaporeans for $180m. That was announced in March. CBRE last month listed the largest buildings being developed in Auckland. James Kirkpatrick Group headed by James Kirkpatrick jnr has Auckland's largest new warehouse and logistics project under construction. That is a 65,000sq m South Auckland development of a number of separate buildings at Wiri that is expected to be worth $1 billion on completion. Ryman's sinking village buildings Ryman Healthcare is not just fixing the main building at its Edmund Hillary hub in Remuera. In its full-year results out last month, the company disclosed that the sinking problem may be more widely spread. The retirement village was built on an ex-rubbish dump and landfill. The Shackleton apartments, the village centre, the rest home and Aoraki Hospital were lifted in a job undertaken by Mainmark. 'The group has undertaken re-levelling works of the main building and one of the apartment buildings,' consolidated financial statements to March 31, 2025 said. That had cost approximately $8m. The Edmund Hillary Retirement Village, part of the Ryman portfolio. Ryman is monitoring ongoing settlement at its village and re-levelling works are likely to also be required at various other buildings in the future, it said. Some people say they are happy at the village, while others were concerned the main building had been shut for so long and have complained. Ryman is also assessing other villages for seismic risks, citing those particularly near the Hikurangi fault line. None of the villages are 'earthquake-prone' and independent experts confirmed there were no life-threatening safety concerns nor any need to vacate buildings, the company said. Naomi James, chief executive of Ryman Healthcare. However, known seismic issues could cost $30m to $35m to fix. On a separate topic, Ryman buyers are being charged in a different way to how they previously were. CEO Naomi James said Ryman no longer offered residents here and in Australia a 20% deferred management fee. This is the portion the business keeps when a resident leaves or dies. Instead, the fee is now 25% or 30%. Earlier this year: no entry to the main reception area of Ryman Healthcare's Edmund Hillary Village in Remuera. But James clarified this was not linked to weekly payments. Whether people paid 25% or 30% depended on how much they paid for their licence to occupy, she said. Out of all the retirement village operators, Ryman had offered the best deal financially for many years. But it has undergone a number of changes, including raising $1.9b capital. Marina fast-tracking opposition He was the Auckland Business Chamber CEO for more than 30 years and recognised as the voice of business in the city, but now he's opposing a Bay of Islands marina proposal. Plans for a new Bay of Islands marina by Azuma and Hoppers. Fast-tracking is sought for the plans. Photo / application document Michael Barnett is against the Waipiro Bay marina, saying he has a connection with the area because he owned property in the Bay of Islands in the mid-eighties, initially in Parekura Bay and then at Kororāreka Russell. Barnett particularly objects to the possibility of the marina being fast-tracked. Speaking on behalf of the Bay of Islands Preservation Society, he said the Fast-Track Approvals Act was intended to streamline infrastructure, housing and development projects with significant regional and national benefits. Bay of Islands hapū and community members opposed to a 250-berth marina near Kororāreka Russell going through the fast-track process make their feelings known outside a Far North District Council meeting. 'It is hard to see that this project satisfies any of these criteria,' Barnett said. Companies owned by multimillionaire businessmen Craig Heatley and Leigh Hopper have proposed the scheme. Heatley's Azuma Property and Hopper's Hopper Developments want to build the 200 to 250-berth marina. It is opposed by Ngāti Kuta, Patukeha and Far North Mayor Moko Tepania. Ministry for the Environment fast-tracking has been sought, citing several points in favour including boosting infrastructure and employment. An Azuma director and shareholder, Kallam Brown, said fast-tracking could take years off the process. Michael Barnett is against fast-tracking for the new marina plans. Barnett said half of prospective berth owners were likely to live elsewhere and he cited extensive capacity existing in nearby marinas. On May 5, Auckland and Northland had 246 berths available, Barnett said. He questioned how much of the facility's construction would be completed by regional firms rather than by generally larger and more experienced Auckland-based firms. The marina's proposed location didn't fit with regional strategies, which seek to concentrate most future growth in and around the more accessible and established locations of Ōpua and Kerikeri, Barnett said. In its defence, the application said the marina is projected to boost the local economy. 'The Waipiro Marina has been assessed to have a total economic impact of $177.9m to $218.8m in value-added GDP and support approximately 137 to 148 fulltime-equivalent jobs over a 30 year period,' the application for fast-tracking said. Anne Gibson has been the Herald's property editor for 25 years, written books and covered property extensively here and overseas.
Scoop
26-05-2025
- Business
- Scoop
Ryman Healthcare Named New Zealand's Most Trusted Aged Care Brand
Ryman Healthcare (Ryman) is proud to be named New Zealand's Most Trusted Brand in the aged care and retirement village category at the 2025 Reader's Digest Most Trusted Brands Awards. This marks the eleventh time Ryman has received the top industry award, reinforcing its long-standing reputation as New Zealand's most trusted and largest provider of retirement living and aged care. Ryman Chief Executive Officer Naomi James says the award is a meaningful endorsement of the company's ongoing commitment to residents and their families. 'Care is at the heart of everything we do, and we appreciate the trust our residents and their families place in us to deliver on this commitment.' Since 1984, Ryman has been guided by the belief that care should be 'good enough for Mum and Dad' - a principle that continues to inspire and unite the team 40 years on. 'I'm incredibly proud of our team,' says James. 'Their dedication, kindness, and the way they go the extra mile every day is what makes this recognition so meaningful. It's a true reflection of the care they show our residents, and their commitment to our purpose of delivering freedom, connection, and wellbeing as we grow older.' Survey participants praised Ryman for its wonderful staff, excellent amenities, and the full range of care options offered across its villages, highlighting experiences of peace of mind for their loved ones. One participant noted: 'Ryman has been fantastic for my Nana. The staff are so caring and helpful.' The annual Reader's Digest survey, conducted by Catalyst Consultancy & Research, asked 1,750 New Zealanders to select and rate the three brands they trust most across 66 different categories. Ryman has won the top consumer award every year since 2014 aside from 2017 when it was highly commended.
Yahoo
21-05-2025
- Business
- Yahoo
JW Marriott Phoenix Desert Ridge sells for $865M
This story was originally published on Hotel Dive. To receive daily news and insights, subscribe to our free daily Hotel Dive newsletter. Nashville, Tennessee-based Ryman Hospitality Properties will soon acquire one of the largest resorts in greater Phoenix, in a transaction priced at $865 million. The real estate investment trust has entered into a definitive agreement to acquire the JW Marriott Phoenix Desert Ridge Resort & Spa from Trinity Investments, according to separate Monday news releases. Ryman Hospitality Properties will purchase the 950-key property in a transaction expected to close in the second or third quarter of this year. The companies did not disclose further details regarding the transaction's terms. Situated on roughly 402 acres of Arizona's Sonoran Desert, the JW Marriott Desert Ridge offers 243,000 square feet of indoor and outdoor meeting and event space as well as a 28,000-square-foot spa; seven food and beverage outlets; and the 140,000-square-foot AquaRidge water park complex with water slides, a lazy river and an adults-only island. The property also has two golf courses at the Wildfire Golf Club: the Nick Faldo-designed Championship Course and the Arnold Palmer-designed Signature Course. In 2023, the resort underwent nearly $100 million in capital improvements, including the complete renovation of its rooms and suites, upgrades to its lobby and water amenities and the revamp of its food and beverage outlets, per Ryman. The renovation 'transformed the property into a landmark destination for both business and leisure travelers,' Trinity CEO Sean Hehir said in a statement. The Honolulu, Hawaii-based investment firm acquired the property in 2019 for $602 million. The JW Marriott Desert Ridge is known for hosting large-scale events, including The Lodging Conference, making it a desirable addition to Ryman's portfolio given the 'limited availability of marquee group-focused assets that complement our existing portfolio and group strategy,' the REIT's CEO Mark Fioravanti said in a statement. The resort will continue to operate under Marriott International's JW Marriott flag, though Ryman plans to pursue near- and long-term 'value creation opportunities,' per its release. The acquisition follows Ryman's $800 million purchase of JW Marriott San Antonio Hill Country Resort & Spa in San Antonio, Texas, in 2023. The Phoenix metropolitan area benefits from a robust tourism market, local hospitality pros previously told Hotel Dive. At the beginning of this year, hospitality industry leaders shared that hotel investment more broadly will likely ramp up in 2025. And while Q1 hotel transaction volume increased 23% year over year, per JLL, investment outlooks for the remainder of the year have become hazier amid ongoing economic uncertainty. Sign in to access your portfolio
Scotsman
14-05-2025
- Business
- Scotsman
500 million empty ink cartridges end up in landfill each year
Stationer Ryman launches Ink Cartridge Recycling scheme, with up to £1 rewarded for every cartridge returned Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Stationer Ryman is calling time on ink cartridge waste with the launch of its ink cartridge recycling scheme, a new initiative encouraging customers to recycle their used cartridges in exchange for rewards. The launch comes as shocking new statistics reveal the damaging environmental impact of printer ink waste. Advertisement Hide Ad Advertisement Hide Ad Every year, 500 million ink and toner cartridges are dumped into landfills, with each one taking more than an astonishing 1,000 years to decompose. Stationer Ryman launches Ink Cartridge Recycling scheme, with up to £1 rewarded for every cartridge returned Even though remanufactured cartridges emit up to 60% less CO2 than newly produced ones, only 15% of cartridges are recycled. To help combat the crisis, Ryman's ink cartridge recycling scheme offers customers £1 in Ryman Rewards points for every external print head cartridge they return in store, incentivising shoppers to do their part for the planet. These can be remanufactured and reused….for everything else including ink tanks and toners, we'll endeavour to recycle into their component parts and all customers will receive 50p off their next cartridge purchase Chloe Danskin, Head of Marketing at Ryman, said: 'We all print things in our daily life, but few of us realise the lasting damage throwing away used cartridges can have on the planet. Advertisement Hide Ad Advertisement Hide Ad 'At Ryman, we're committed to making our planet a better place for everyone, which is why we've decided to reward customers for doing their bit too. 'Our recycling scheme is designed to turn everyday waste into everyday rewards, while dramatically cutting down on unnecessary waste. It's a small change that can make a huge difference to our planet!'
USA Today
23-04-2025
- Entertainment
- USA Today
Ed Sheeran, Noah Kahan play intimate concert at a Nashville dive bar
Ed Sheeran, Noah Kahan play intimate concert at a Nashville dive bar Show Caption Hide Caption Ed Sheeran, Noah Kahan perform impromptu set at Nashville's Santa's Pub Nashville-favored global folk-pop stars Ed Sheeran, Noah Kahan performed an impromptu private set at Nashville's Santa's Pub on April 22, 2025. Folk-pop superstars Noah Kahan and Ed Sheeran played a show for an unusually small crowd on April 22. In a surprise team-up, the pair performed for about 100 people at a dive bar. Sheeran, who has sold about 200 million singles in the past dozen years, joined Kahan, his friend of the past seven years, for a set that included hits like "Dial Drunk" and "Stick Season." "We're going to play songs until someone gives up," said Sheeran as the impromptu, but invite-only event began at Santa's Pub in Nashville, Tennessee. "It's going to feel like a freestyle battle for depressed people," Kahan joked. "I'm the Jewish Ed Sheeran." "I'm the Catholic Noah Kahan," Sheeran quipped. Ed Sheeran is the hit of Coachella for sheer talent Inside Noah Kahan, Ed Sheeran's intimate Santa's Pub performance Santa's Pub is the kind of cash-only, single-serve cans or bottles, no-liquor-available type of dive bar, that's rare in areas near downtown Nashville of late. It's where $100 can buy a drink for everyone living on a nearby neighborhood block. By tradition's standards, this wasn't exactly country music. It was "Cheers," but the whole world — and not just bar patrons — knew the names of two people occasionally stomping their feet on the floor for rhythmic emphasis, but primarily, rather quietly, playing some of the saddest, most healing songs of the past decade on their guitars. Masters golf ad prompts outrage over Noah Kahan's 'Georgia on My Mind' cover: Here's why Ed Sheeran's joyous, bar and festival-hopping world tour Sheeran is preparing to drop a new album entitled "Play," which he largely recorded with a dozen musicians in Goa, on India's southwestern coast. No release date has been revealed. As part of the promotion, he's bar-hopped across the country for small shows in cities including Boston, Los Angeles, and New York as well as a headlining set at Coachella. Stops have seen him appear with everyone from Megan Moroney and songwriter Amy Allen in Nashville, to Post Malone, Shaboozey and pop star Alex Warren at Coachella. Not content with that, he's also performed for pink-hatted bachelorettes at Tootsie's in Nashville's Lower Broadway neighborhood. In this cycle of his career, sitting across from Kahan and providing a bittersweet paradise by the dive bar neon lights is par for the course. "Even outside of playing at the Ryman or somewhere, these crowds make four-part harmonies (feel almost) automatic when you perform in Nashville," Sheeran whispered to Kahan after playing the first verse and chorus of his breakout hit "The A Team." "Yeah, man, Belmont students are all like, 'My moment is right now,'" joked Kahan in response. Kahan and Sheeran, the perfect pair Kahan is a superfan of Sheeran as much as he is a friend. As he performed several songs, which he described as chronicling a troubled relationship with his father, the clearness of a star able to tap into and concisely express his soul's rawest potency became clear. Sheeran also has that quality in spades. As Sheeran performed the decade-old "I'm A Mess," Kahan gazed on, stunned that he wrote the song while standing in a spare shower in his home with superb acoustics. "You're... lathering yourself to that — I can't take a shower anymore," he joked. When Kahan sang a new song, "Porchlight," which again dips into fraught family dynamics, Sheeran smiled, occasionally strumming along as a backing player. Over the past dozen years, notably during a nine-month stint in 2013 when he lived in Nashville, Sheeran has drunk many a night away at Santa's Pub. Thus, more than any festival or stadium stage, it's where he felt it appropriate to create an evening that was equal parts a night at a Scottish pub and a melding of two super-star talents. Sheeran and Kahan kicked back bottles of Modelo and played A-sides, B-sides and new material, clearly enjoying themselves, the crowd and each others company most of all.
