Summerset buys land for second Nelson retirement village

Sun, 22 May 2016

By Sophie Boot May 23 (BusinessDesk) - Summerset Group plans to build a second retirement village in Nelson after buying an eight-hectare site in Richmond. The Wellington-based company intends to build a 280-unit village on the site, adding to its existing village in neighbouring suburb Stoke. Summerset estimates Nelson's over-75 population will more than double by 2033. No price was disclosed for the purchase. “Our existing village in the Nelson suburb of Stoke is our largest village to date, and has been one of our fastest growing,"...

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