Summerset takes out 127-year lease for sixth Auckland village

Tue, 21 Jul 2015

By Suze Metherell July 22 (BusinessDesk) - Summerset Group, New Zealand's third-largest retirement village operator, has signed a 127-year lease for an undisclosed sum to build its sixth Auckland village. The 2.5 hectare site on Parsons' Paddock in the eastern suburb of St John's was made available by St John's College Trust Board, the Wellington-based company said in a statement. Earlier this week Summerset announced it had bought 2.4 hectares in Warkworth to allow it to add 77 retirement units next to its existing Summerset Falls villa...

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