Research suggests retirement village development adds significantly to the local economy.

Summerset posted a half-year profit of $82 million.

The company has already purchased land to develop the new village.

Merger would put them on firmer ground for a transtasman expansion, First NZ Capital says.

Summerset had 155 sales of rights to occupy its units in the third quarter.

Summerset eyes fifth Wellington village with latest land purchase.

The company had a strong half-year, with good sales levels and a record development margin

Summerset Group has bought land to build a third retirement village in Christchurch.

The retirement village operator has a record year-earlier period.

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Summerset Group boosted annual earnings 50 per cent after opening more retirement villages.

Kate McKenzie became the sole woman at the head of an NZX50 company when she started her new job as Chorus chief executive yesterday.

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Summerset Group lifted first-half earnings 44pc, beating expectations, and will pay a larger-than-expected dividend.

Summerset Group, expects the opening of a new village in the Auckland this year will keep sales humming.

Summerset Group plans to build a second retirement village in Nelson after buying an eight-hectare site in Richmond.

Retirement village residents who buy into a huge new Hobsonville waterfront village will lose 25pc of their purchase price when they sell after five years.

Summerset Group has been granted resource consent for a $100 million village in the Christchurch suburb of Casebrook.

The results of a probe into retirement village residents' complaints and disputes with their owners and managers will be revealed next month and could lead to a shake-up.

A busy development schedule and big growth from the country's third largest listed retirement specialist Summerset Group delighted analysts.

New Zealand shares fell for a second day as the kiwi dollar's slide to a four-year low sapped overseas investor appetite for high-yielding stocks.

Norah Barlow reckons early childhood education has the potential to become just as big a sharemarket success as the aged-care sector she's more commonly associated with.

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New Zealand's third-largest retirement village operator, increased first-half profit at a slower pace as it focuses on developing villages for future growth.