Infrastructure

Fletcher wisely sticks to its knitting in retirement living gambit

Jenny Ruth
Fri, 10 Dec 2021

Fletcher wisely sticks to its knitting in retirement living gambit
Fletcher's retirement homes will be in wider communities. (Image: supplied)
Jenny Ruth
Fri, 10 Dec 2021
Fletcher Building is wisely sticking to its knitting in adding a retirement accommodation business to its portfolio and not even attempting to provide aged care as the listed retirement village operators do.Fletcher certainly has no expertise in aged care, but it does have rather a lot of experience in building houses dating back to the 1930s when it built state houses for the first Labour government.Instead, it will outsource care but, once they need nursing-home or hospital-level care, Fletcher's residents will have to move on.Stephen Rid...

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