Summerset snaps up another NZ Wellington site

Company News

by Jessica Amir

Summerset Group Holdings (ASX:SNZ) has purchased its fifth property in Wellington in New Zealand.

The NZ retirement village and aged care service provider snapped up the 6-hectare site in Northern Wellington.

Summerset says the land is well suited to a retirement village, which is rare to find.

The company plans to build over 290 homes on the site along with hospital care facilities.

The site will house its award winning dementia care apartments, which offer a safe environment for those suffering with the illness.

Shares in Summerset Group Holdings (ASX:SNZ) traded at $4.59 on 5 September. 

 

Jessica Amir

Finance News Network
Jessica is the head of news and a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.