Summerset first-quarter occupation rights rise 3.4 percent

Tue, 08 Apr 2014

By Suze Metherell April 9 (BusinessDesk) – Summerset Group, the retirement village operator asking shareholders to boost directors’ fees 50 percent, lifted occupation rights in the first quarter from a year earlier. The Wellington-based company increased sales of occupation rights by 3.4 percent to 92 in the three months ended March 31, from 89 a year earlier, it said in a statement. Of that, 48 were new sales, and 44 were resales, compared to 64 and 25 respectively a year earlier. Late last month the group said it wanted to lift the pool f...

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