Summerset plans $290 million investment in two new villages

Mon, 03 Jun 2019

By Paul McBeth June 4 (BusinessDesk) - Summerset Group has bought land to build two new retirement villages, and expects to invest about $290 million developing the sites. The retirement village operator and developer bought an 11-hectare site in Whangarei and an eight-hectare property in Cambridge for undisclosed sums. Summerset expects each new village to have more than 200 units and about 70 serviced apartments, plus rest home and hospital care facilities. The company will spend about $150 million developing the Cambridge site and...

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