Housing market plays bigger role as retirement village operators take on more debt, FNZC report says

Thu, 06 Oct 2016

By Fiona Rotherham Oct. 6 (BusinessDesk) - Increasing debt being taken on by some retirement village operators makes the state of the housing market a more important factor for investors to consider, according to a detailed report on the sector by First NZ Capital. The report looks at Ryman Healthcare, Metlifecare, and Summerset Group, analysing the accounts of more than 70 villages during the past decade. Increased land banking and construction given the ageing population and strong sector growth in recent years will see debt among re...

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