Summerset plans to list in Australia after investor demand in larger market

Mon, 06 May 2013

By Tina Morrison May 7 (BusinessDesk) - Summerset Group, New Zealand’s second-largest listed retirement village operator and developer, plans to list on the Australian stock exchange, putting its shares in front of an investor pool more than 20 times larger than in its home market. "The retirement village and aged care sector now accounts for nearly 8 percent of the NZX 50," Summerset chairman Rob Campbell said in a statement. "As a result we have seen increased Australian investor interest in Summerset." Some A$1.46 trillion of shares are...

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