Summerset expansion sees first-quarter sales of occupation rights rise 41%

Tue, 04 Apr 2017

By Tina Morrison April 5 (BusinessDesk) - Summerset Group increased sales of occupation rights at its retirement villages by 41 percent in the first quarter and said the remainder of the year "looks positive". The Wellington-based company sold 171 occupation rights agreements in the quarter ended March 31, up from 121 in the year earlier period, it said in a statement. Sales for new units increased to 97 from 75 a year earlier, while resales rose to 74 from 46, it said. Summerset is in expansion mode, having delivered a record 409 reti...

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