NZ-based retirement village operator Summerset Group has hailed its second highest quarter on record, with 279 sales in the three months ending 31 March 2022.
The ASX-listed company saw its best first quarter this year, with 167 new sales and 112 resales – 55% of which were from outside the Auckland, Wellington and Canterbury regions.
According to CEO Scott Scoullar (pictured), Summerset, which broke ground on its first Australian retirement village in Cranbourne, Victoria, last year, has weathered the Omicron storm well.
“We continue to build on a large number of sites simultaneously and remain the largest New Zealand constructor in the New Zealand retirement village sector.
“It’s really pleasing to see our plans in Australia taking shape. Cranbourne North is well underway, and we have land for four other proposed villages in Victoria. We’re really excited to introduce older Australians to our high-quality integrated model of village living,” he said.
Summerset will begin construction on three new NZ sites at Blenheim (Marlborough), Cambridge (Waikato) and Waikanae (Kapiti Coast) this year, with 13 other sites continuing construction around the country.
The first residents are expected to move into the Cranbourne village next year.
