Summerset gains resource consent for $55M retirement village in New Plymouth

Thu, 13 Feb 2014

Feb. 14 (BusinessDesk) – Summerset Group Holdings, whose shares have made more than twice the NZX 50 Index’s gains in the past 12 months, said it gained resource consent to build a $55 million retirement village in New Plymouth. The Wellington-based company plans to build about 150 units on the 4 hectare Carrington Road site ranging from townhouses and villas to care apartments and rooms. It acquired the site last August. Shares of Summerset rose 1.5 percent to $3.34 and have gained 35 percent in the past 12 months, while the NZX 50 rose 15...

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