Summerset finishes work on $115m site

The four-storey Summerset by the Park complex has a mix of villas and apartments. Picture / Supplied

Retirement village owner/operator Summerset has completed a new $115 million Manukau complex.

Norah Barlow, chief executive, said about 300 people would eventually live at Summerset by the Park on a 4.3ha site adjoining Barry Curtis Park, part of the new Flat Bush area development.

The four-storey village has 183 residences which are a mix of villas and apartments, with a 52-bed aged care facility, hair dressing salon, pool, cafe, library, gym and a bloke's shed.

Work on the village started in 2006 and about 260 people live there.

Barlow said the Manukau complex would be a flagship property for the listed business.

"It's huge, it is by far our biggest in terms of financial commitment. This was a project unlike anything we have embarked on before," she said.

New Zealand's other NZX-listed retirement village businesses are Ryman Healthcare and Metlifecare.

Summerset, which listed on November 1, owns 14 retirement villages.