Ryman Healthcare is planning to build a new $205 million retirement village in the fast-growing town of Rolleston on the outskirts of Christchurch. The new village in Rolleston's Faringdon development would be home to more than 280 residents. Ryman plans to build townhouses and serviced apartments along with a care centre offering resthome, hospital and dementia care.

The land is on a 9.5-hectare site on Goulds Rd and would service the growing retirement population to the south of Christchurch and mid-Canterbury. Faringdon is a new master-planned community with brand new infrastructure and is already home to 6,000 residents. The new village will employ more than 200 construction workers during its peak and it will create about 120 full-and part-time time jobs once the village opens.

Ryman already has eight villages in Canterbury which are home to 2,080 residents. Ryman is building new villages at Riccarton Park and Northwood and has permission to build another new village on Park Terrace, overlooking Hagley Park, in Christchurch.