Summerset presses ahead with $100M Lower Hutt site

Sun, 14 Apr 2013

April 15 (BusinessDesk) - Summerset Group, the retirement village operator and developer, is pressing ahead with plans for a $100 million site in Lower Hutt after completing due diligence. The Wellington-based company plans to buy the 3.3 hectare site from Boulcott's Farm Heritage Golf Club for its 20th retirement village, it said in a statement. The contract needs Overseas Investment Office approval, which is expected to be granted this year. "Summerset has been working closely with the Golf Club for some time to be able to achieve this,"...

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