Summerset Group Holdings Ltd’s sales of retirement village occupation rights slipped in the second quarter, taking half-year sales 7% below the performance in the first half last year.
The Selwyn Foundation opened a new $14 million development offering residential aged care & retirement village amenities at Selwyn Oaks village in Papakura today.
US asset managing giant Blackstone Group LP’s local retirement village owner & operator, Arena Living NZ Ltd, has added a 6th village to its portfolio, Mt Eden Gardens. The price hasn’t been disclosed.
Auckland Council’s governing body will vote on Thursday to enter a long-term partnership with the Selwyn Foundation for the management & operation of the council’s Housing for Older People (HfOP) service.
Metlifecare Ltd has agreed to sell its Wairarapa Village in Masterton to a group headed by Mark Durling for $6 million cash.
The NZX-listed Senior Trust Retirement Village Listed Fund said yesterday it had committed to making a first mortgage advance for expansion of the Palm Grove retirement village at Orewa.