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 presents the Market Outlook/Market at Midday and the Market wrap. She also presents ASX company news and interview CEOs. She joined FNN in January 2017. She has been in broadcast journalism for over six years. She has worked as a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She has also worked in regional Australia for Prime 7 and WIN News. She has also worked as a qualified financial planner.