Summerset buys land for 3rd retirement village in Christchurch

Mon, 24 Jul 2017

By Tina Morrison July 25 (BusinessDesk) - Summerset Group, New Zealand's best-performing retirement village stock in the past 12 months, has bought land to build a third retirement village in Christchurch, bringing its greenfield sites to seven across the country. Wellington-based Summerset said it had bought 9.5 hectares in Hawthornden Road in the Christchurch suburb of Avonhead, close to the Russley Golf Course and other recreation areas. That will add to its Wigram village whose final villas are expected to be complete next year, and i...

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