Summerset lifts annual sales 26% in 2015 on new developments

Wed, 06 Jan 2016

By Paul McBeth Jan. 7 (BusinessDesk) - Summerset Group lifted occupation rights sales 26 percent in 2015 as the retirement village operator and developer benefited from an expanding foot print across the country, which will continue this year. The Wellington-based company increased unit sales to 578 in calendar 2015 from 458 a year earlier, it said in a statement. Of that, sales of new units climbed 16 percent to 33, while resales gained 42 percent to 245. On a quarterly basis, sales fell 11 percent to 146, with new sales down to 90 from...

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