To create a Lifecare Village was the goal and we are delighted at the support we have received to achieve this.
The Waitaki District Health Services Trust established the Observatory Village Charitable Trust to own and operate the Observatory Village with the goal of providing support for aged care, health and disability services, and related charitable purposes.
The Waitaki District Health Services Trust has provided initial equity for the development. The Observatory Village over time will repay the equity and then all operational profit will be paid to the Waitaki District Health Services Trust to be used for the health and wellbeing of the Waitaki community.
The village is unique in that the locals indirectly own it and can also reside in the village.
The Waitaki District Council provided a loan for the development which will be repaid through sales and operational profits.
Local support is recognised and appreciated, and we continue this local focus with 90% of the contractors used being local businesses. The development invested almost $20 million from the first stage back into our district.
The Waitaki District has a beautiful natural landscape of mountains, lakes, valleys, farmland and coastline. Observatory Village has reflected the region with its chosen colourings of paint and furnishings throughout the care facility, common areas, villas and apartments.
The heart of the region is Oamaru with it’s Victorian Heritage and Maori History. The Steampunk Capital of NZ is renowned for it’s Oamaru Stone industry and Harbour Setting. The exterior of the village has been finished with iconic Oamaru Whitestone.