New Zealand retirement village developer, Summerset Group
(ASX:SNZ), has released its 1Q17 sales results.
The company made 171 sales, comprising 97 new sales and 74 resales – which is a 41% increase compared to the prior corresponding period (1Q16).
Summerset currently owns 21 retirement villages across New Zealand, and has 6 sites under development.
Summerset also recently announced its NZ$600 million refinancing, through a syndicated loan facility, has completed – and this money will be used to fund future growth initiatives.
Yesterday, Summerset shares closed steady at $5.
