15 Apr 2013

Hutt site eyed for retirement village

12:14 pm on 15 April 2013

Summerset has completed due diligence of the purchase of a section of land in Lower Hutt for $100 million.

The retirement village developer and operator said the proposed village on land bought from the Boulcott's Farm Heritage Golf Club will be the group's 20th retirement village site.

The contract to acquire the 3.3 hectare site remains conditional on Overseas Investment Office approval which is expected to be obtained.