New Zealand: Summerset to build new villages in Whangarei and Cambridge

Julian Cook, chief executive officer, Summerset

Summerset Group, New Zealand’s third-largest listed retirement village operator, has purchased land to build its first retirement villages in Whangarei and Cambridge. Total investment in the two villages is estimated at NZ$290m (US$190.6m). The purchases bring Summerset’s land bank up to 12 properties across New Zealand, with another 26 villages already open or in development….

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