New Zealand: Summerset plans two new retirement villages

Julian Cook, chief executive officer, Summerset

Summerset Group, New Zealand’s third-largest listed retirement village operator, has purchased land to build retirement villages in Rangiora, north of Canterbury, and in Blenheim. Total investment in both villages combined will exceed NZ$250m (US$171.9m). The Rangiora village will be Summerset’s fourth village in Canterbury and will offer over 300 independent living homes. It will be…

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