Summerset first-quarter sales fall; company says it's on track to build 400 units this year

Mon, 04 Apr 2016

By Jonathan Underhill April 5 (BusinessDesk) - Summerset Group, the retirement village operator aiming to double its national footprint over the next six years, said it's on track to build 400 units this year after reporting first-quarter sales of occupation rights fell from a year earlier. Sales of 121 occupation right agreements were down from 125 a year earlier, the Wellington-based company said in a statement. That was made up of 75 new sales and 46 resales, compared with 78 new and 47 resales a year earlier. Summerset lifted annua...

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