![Summerset sales of occupation rights fall 21pc](/pf/resources/images/placeholders/placeholder_l.png?d=784)
Summerset sales of occupation rights fall 21pc
Summerset had 155 sales of rights to occupy its units in the third quarter.
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.
Summerset Group announced a retail bond offer of $75 million.
New report reveals scale - and risks - of retirement village growth
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.
More high-rise units planned: Multi-level high-density units in apartment-style blocks, rather than sprawling, green wide landscaped visas.
Summerset Group has been granted resource consent for a $100 million village in the Christchurch suburb of Casebrook.
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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Rob Campbell talks to Henri Eliot on his perspectives on leadership following a recent Leadership Day at Turners and Growers.
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.
Retirement village operators will fail, more law changes are on the cards and businesses in the sector will undergo more mergers, says Norah Barlow.