Summerset defies sector trends, increases NZ landbank

Summerset's Milldale village in Auckland. (Image: Summerset investor presentation)

Thu, 05 Dec 2024

Summerset has again bucked industry trends, moving to increase its footprint while its competitors do the exact opposite.On Thursday, the country’s second-largest retirement village operator announced that it had bought four new sites in New Zealand.The sites are in Belmont in Auckland, Paraparaumu on the Kāpiti Coast, Boulcott in Lower Hutt and Blenheim. The Belmont and Paraparaumu sites will be home to proposed new villages, while the Boulcott and Blenheim purchases are extensions to existing villages.Summerset chief executive Scot...

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