Summerset to offer up to $100M in fixed-rate bonds
The bond offer will open the week of 10 September.
The bond offer will open the week of 10 September.
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.
Summerset Group announced a retail bond offer of $75 million.
New report reveals scale - and risks - of retirement village growth
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.
A2 Milk jumps as Bellamy's cuts revenue forecast.
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.
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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Rob Campbell talks to Henri Eliot on his perspectives on leadership following a recent Leadership Day at Turners and Growers.