24 Apr 2012

Summerset says it's on track to meet growth targets

7:23 pm on 24 April 2012

Retirement village operator Summerset has announced more than $60 million worth of new developments and says its on track to meet ambitious growth targets.

Summerset's chief executive Norah Barlow told investors at the firm's annual meeting in Wellington on Tuesday that it will press ahead with new stages of development at its villages in Nelson, Hamilton, Hastings and Warkworth.

Shares in Summerset have risen 1 cent to $1.65