NZ: QPE $100 million buys out AMP to take control of Summerset

Jun 07 2010 Updated July 4, 2023

The Weekly Source

1 min read

New Zealands Overseas Investment Office (OIO) has approved a deal for Australia's QPE Funds Management to buy out AMP Capital Investors' stake in Summerset in a $100 million retirement village deal. Summerset is New Zealand's third-largest largest retirement village developer and the operator behind NZX-listed businesses Ryman Healthcare and Metlifecare. QPE now has full control of Summersets management company.

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