Pacific Coast Village is situated on Maranui Street, between Papamoa and Mount Maunganui – consistently voted one of New Zealand’s top seaside holiday spots. And for good reason! Its white sands, sparkling sea and year-round great climate make it a top lifestyle destination.
Coastal living doesn’t mean leaving the city behind though. The village is just minutes from the great shops, cafés and restaurants of Mount Maunganui, and just a little further to bustling downtown Tauranga. And of course, it’s just an easy 35-minute flight or relaxing morning’s drive to Auckland.
Generus Living Group (formerly Retirement Assets Limited), a Christchurch based company is developing and operating Pacific Coast Village. In order to establish a 150 year lease on the land a Partnership exists with the Mangatawa Papamoa Blocks Incorporated.
Mangatawa Papamoa Blocks Incorporation (Mangatawa) is a Maori Incorporation that was formed on 27 May 1957 with a total land holding of approximately 750 acres. The partnership between the land owners, Mangatawa Papamoa Blocks Incorporated and Generus Living Group, includes a 150 year lease on the land of which the village is located. Under Occupational Right Agreements ownership of land is not an issue as ownership does not alter.
The Trust has no day-to-day involvement in the management of the Village.
Generus Living Group's executives have been involved in retirement villages since the early 1980’s and amongst other villages, have been responsible for development and/or management of Hibiscus Coast, Hillsborough Heights, Peninsula Club, Knightsbridge, Park Lane, Mayfair, Acacia Cove all in the Auckland region, and Ocean Shores in Mt Maunganui.
Currently developments include Ranfurly Village in Auckland, Pacific Coast Village in Mt Maunganui, The Russley Village and Holly Lea Village in Christchurch. The shareholder and chairman of Generus Living Group is Graham Wilkinson who is the President and longest serving member on the Executive of the Retirement Villages Association.
Visit the Generus website to learn more.