Summerset buys land in Parnell for new premium site

Mon, 27 Jul 2015

July 28 (BusinessDesk) - Summerset Group, the country's third-biggest listed retirement village operator, has bought a 2.3 hectare site in Auckland's Parnell which it plans to develop as a premium site. The company bought the land from state-owned rail operator KiwiRail for an undisclosed sum and will use the site as one of two "premier" villages servicing Auckland's eastern suburbs, it said in a statement. Wellington-based Summerset has made three northern property purchases in the last fortnight, acquiring land next to its Warkworth villag...

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