HBH Senior Living has taken over possession of Stevenson Village.
The social housing complex hit headlines last year when it was put up for sale in October, raising concerns over what would happen to existing tenants.
HBH Senior Living chief executive Bonnie Robinson says they purchased it because they wanted to ensure low cost housing for older people would remain in the Howick area.
“We thought if a developer bought it and housing was lost [then] you’ll never get it back in the Howick area.
“We are committed to keeping that level of social housing on site and everything is staying the same — we’re currently refurbishing some of the units that were vacant when we took possession and slowly filling them up with new tenants,” she said.
Robinson said they are looking to improve the number of services and activities available on site and are encouraging tenants to think about what they’d like to see.
Stevenson Village was established in 1997 and offers independent living apartments, rest home and hospital care facilities.
It had a CV of more than $9 million in October.