Business View Oceania | January 2020

87 88 BUSINESS VIEW OCEANIA JANUARY 2020 BUSINESS VIEW OCEANIA JANUARY 2020 A member of the New Zealand Retirement Villages Association (NZRVA), Parkwood Village comprises 209 individually designed villas. Residents are issued a Licence to Occupy when they move in, which gives them the right to occupy the villa for life. The price includes a one-time contribution of $35,000 entitling them to enjoy all the community facilities. Residents leaving Parkwood receive 80% of the licence’s current market value. The remaining 20% is retained by the Trust for further development of the village and its facilities. Preferential access to Parkwood Lodge is another benefit for village residents. Situated in the heart of the village, the lodge is a total care rest home and hospital complex staffed by experienced nursing, domestic and kitchen staff. The lodge has two types of accommodation under the care of nursing staff, all of whom are trained in palliative care. Hospital studios are single rooms with ensuite bathrooms designed for residents requiring continuing care. Rest home apartments comprise a spacious lounge, snack and tea making facilities, ensuite and separate bedroom. Residents purchase a Licence to Occupy their rest home apartment and the lodge also has its own bus, especially equipped for less mobile residents. Mark Rouse, General Manager of Parkwood Village, has worked for the Trust for over 25 years and shares the backstory: “Parkwood Village started in 1971, really before retirement villages were even thought of. It was developed by a group of locals, headed by Lloyd Parker who had a vision of lonely people in the area being able to live in a community of like- minded people and to feel safe. So the Waikanae community gathered some donations, bought a piece of property and it started from there. Lloyd was in his late 50s at the time, retired early from his business and spent the rest of his life working at Parkwood. He was the visionary behind it all, with his wife Joan by his side.” Parkwood Village is defined by its culture of community caring for itself and helping each PARKWOOD RET I REMENT V I LLAGE & LODGE C O R P O R AT E T R U S T E E S E R V I C E S • I N V E S T M E N T A DM I N I S T R AT I O N • P R I VAT E W E A L T H We are proud to partner with Parkwood Lodge and Retirement Village. As a Statutory Supervisor with a deep understanding of the Retirement Village Sector, Trustees Executors is proud to partner with our clients to deliver a superior supervision model with pragmatic regulatory leadership that protects the interests of their residents. As New Zealand’s oldest and most experienced trustee company, we also add value to residents by providing professional trustee, agency, financial and estate planning services to protect what they have and preserve it for future generations. Whether this is by helping manage day-to-day financial matters, protecting assets through a trust, growing them through investment or deciding how they will be managed through a will, we are here to help. To find out more about what we can offer your residents contact one of our team today. Contact: 0800 878 783 enquiries@trustees.co.nz www.trustees.co.nz LEADERS IN SPECIALISED SUPERVISORY AND WEALTH PROTECTION SERVICES S E CU R I N G F I N A N C I A L F U T U R E S S I NC E 18 81 A disclosure statement is available on request and free of charge. General Manager, Mark Rouse