Alvarium and Bupa NZ shake hands on record deal
We are delighted to announce that Alvarium Investments and Bupa New Zealand have agreed a land acquisition deal at Mangawhai Central.
Totalling 13 hectares, and powered by the goal of developing a new retirement village and care home, the deal represents a significant milestone for both companies and for Mangawhai Central.
As one of Northland’s fastest-growing towns, Mangawhai offers residents a combination of enviable beach-side lifestyle, and speedy access to Auckland City (in 1.5 hours).
For both Alvarium and Bupa NZ, their partnership reflects both bold commercial ambition, as well as broader community-based purpose. Located on the western side of Mangawhai Central with private access, the future development will be designed to improve local access to care and health services.
It will be fully integrated into the local environment, with new cycleway and walkways providing connections that are sympathetic and complementary to natural habitats.
An exciting future awaits
As Shane Scott, Alvarium Investment’s Head of Real Estate, explains, the deal opens the door to world-class facilities coming to the Northland:
“Bupa will bring high-quality care, wellbeing services, and new jobs to Mangawhai. Their development will sit naturally alongside our residential stages, creating complementary amenities that lift the whole development, provide more healthcare and support options for residents, and increase confidence in the area for potential purchasers.”
Longevity and wellbeing
For Bupa, the Mangawhai Central project, is part of a long-term strategy to provide high-quality retirement living and care in communities where people want to live, age and belong. It sits alongside developments at Whitby and major redevelopments at Parkstone in Christchurch and Te Puke.
“We’re committed to creating places that feel welcoming, supportive, and genuinely connected to the communities they serve,” explains Pedro Sanchez, Managing Director of Bupa New Zealand.
“We’re bringing a purpose-built retirement village to Mangawhai that meets the needs of older New Zealanders while also supporting the wider community,” he continues.
“Bupa’s retirement village and care home will give people confidence that care, connection and support for aging well can be found close to home. We’re excited to bring health and wellness for older New Zealanders to Mangawhai and employment opportunities when we get closer to opening our new facilities.”
A partnership to stand the test of time
As Shane Scott concludes: “This investment reinforces the vision for Mangawhai Central as a connected, liveable community and brings real social and economic value to the town.”
Photo credit: OTOH Studio, artist's impression
