- Corporate & commercial
- Competition & antitrust
- Construction & major projects
- Climate change, sustainability & ESG
- Environment and planning
- Finance
- Health & safety
- Insurance
- Litigation & dispute resolution
- Māori business
- Pakihi Māori
- Privacy, data protection & cybersecurity
- Property & real estate
- Regulatory law
- Tax
Retirement living and aged care providers are navigating a range of challenges and opportunities. An increase in people choosing or requiring a lifestyle change has driven demand, putting pressure on existing infrastructure and resources.
Regulatory compliance and evolving government policies present ongoing hurdles, while workforce shortages and the need for skilled staff create operational difficulties.
However, these challenges also open up opportunities for innovation and growth, leading to improved outcomes and a more resilient industry.
We work alongside businesses operating and developing retirement living options, and those providing services. Our clients seek our expert advice on a range of issues including within the operating environment, access to care (supply and future demand), planning and development, funding, regulation, employment, environment, climate-related disclosures and more. We also advise on governance, M&A and commercial arrangements.
We’re known for delivering results in a straightforward and efficient manner. We pride ourselves on our approach and service delivery, combined with our technical expertise to achieve better outcomes for our clients.
See how we've helped our clients:
- Advising Arvida on its:
- NZ$1.243b scheme of arrangement with global infrastructure fund Stonepeak.
- $62m acquisition of three Auckland aged care facilities and a $35m capital raising, which included a $30m private placement
- acquisition of retirement villages and aged care facilities, including its acquisition of Bethlehem Country Club, Bethlehem Shores and Queenstown Country Club villages
- acquisition of Mary Doyle Lifecare, Strathallan Lifecare and 50% of Village at the Park Lifecare for approximately $106m
- IPO and NZX Main Board listing, in conjunction with an acquisition of 17 aged care facilities for scrip for a deal value of $329m.
- Advising Arvida, Metlifecare and Oceania on corporate/commercial matters, including a number of acquisitions and capital raisings.
- Advising Ironbridge Capital on its purchase of the Elrond and Qualcare retirement village groups, and subsequent acquisition of six additional facilities owned and operated by Presbyterian Support East Coast (PSEC), and the subsequent sale of the business to Macquarie Infrastructure.
- Advising Oceania on various acquisitions including Waterford, Remuera Rise and Bream Bay villages. We have also advised on numerous other acquisitions and divestments in the retirement village and residential care sectors.
- Advising Pencarrow on its purchase of the Falls Estate Retirement Village in Whangarei as the foundation village for BeGroup.
- Advising Quadrant Private Equity on its acquisition of the remaining 50% of Summerset Retirement Villages from AMP Capital (as well as acting for Quadrant in early 2009 to acquire its initial 50% stake) valued at over $200m.
- Advising Summerset in relation to the preparation and negotiation of agreements for the acquisition of development sites for retirement villages.
- Advising a group of private investors who acquired a majority interest in the Alpine View Retirement Village in Christchurch, including the establishment of a new holding company.
- Advising Arvida on its NZ$330m placement and rights issue to part fund its Arena Living Holdings acquisition and on a $100m extension to its bank facilities in conjunction with the acquisition of Arena Living (and its six villages).
- Advising Oceania on a sustainability-linked loan.
- Advising Ryman Healthcare on its inaugural retail bond offer to New Zealand institutional and retail investors in 2020.
- Advising Winton Land Limited (NZX-listed property developer) on financing of its business into luxury later living through its Northbrook developments.
- Advising a wide range of issuers on same class and full disclosure (i.e. PDS) offers of NZX-listed bonds, including Arvida, Oceania, Metlifecare, and Summerset.
- Advising major retirement village providers on resource consent applications for retirement village developments across New Zealand, as well as a number of planning processes.
- Advising Ryman Healthcare on the acquisition, subdivision, development and sales of its 75-lot Lions Gate residential development at Rangiora.
- Advising Ryman Healthcare on planning for and securing consents for several $120m+ retirement village and traditional residential developments across New Zealand.
- Advising Ryman Healthcare and other large operators on the retirement villages statutory regime, healthcare legislation and associated areas and its corporate/commercial issues and activities.
- Advising the Retirement Villages Association on a range of legislative changes and policy matters, including on overseas investment law reform, the Financial Markets Conduct Act, the Trusts Act and the Unit Titles Act, and on the approach to resident disclosure and the interaction between the specialist retirement village framework and other areas of the law.
- Advising clients on the full range of employment issues including restraints of trade, redundancy, personal grievances, disciplinary processes, senior management employment agreements and incentive scheme.
- Advising on investigations undertaken by the Health and Disability Commissioner and other regulatory bodies.
