News | Business
21 Apr 2014 9:12
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Videos
  • Finance
  • Shopping
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • Auctions
  • SearchNZ
  • NZSearch
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Summerset occupation rights surge

    Retirement village operator and developer Summerset Group says it sold 100 occupation rights in the second quarter of the year, up from 81 a year earlier.

    Summerset Group, New Zealand's third-largest listed retirement village operator and developer, sold 23 per cent more occupation rights in the second quarter than the year-earlier period.

    Wellington-based Summerset sold 100 occupation rights in the second quarter, up from 81 in the same quarter last year, the company said.

    Of those, new sales of occupation rights rose 16 per cent to 52, while resales increased 33 per cent to 48, the company said.

    Retirement village stocks are among the 10 best performing companies on the New Zealand stock exchange the past year as investors anticipate growth supported by an ageing population.

    Shares in Summerset have surged 73 per cent in the past year, taking the company's market capitalisation to $609 million. Ryman Healthcare stock has gained 90 per cent the past year, taking its market capitalisation to $3.3 billion, while shares in Metlifecare have risen 52 per cent, increasing its capitalisation to $663 million.


    © 2014 NZN, NZCity

     Other Business News
     19 Apr: Westland Milk responds to storm
     19 Apr: NZ economic bubble predicted to burst
     18 Apr: ACT criticises Easter trading laws
     17 Apr: NZ shares rise as Genesis debuts
     17 Apr: NZ dollar falls ahead of rate review
     17 Apr: Genesis Energy soars on debut
     17 Apr: Joyce trashes Labour's latest policies
     Top Stories

    Medical issue sidelines Schwalger More...

    Westland Milk responds to storm More...

     Today's News

    One dead after Riverhead crash 8:46

    Medical issue sidelines Schwalger 8:37

    Law and Order:
    Man in hospital with gunshot wounds 8:16

    Lorde Muppet goes for $3000 8:06

    Kiwi teen stars in Dutch Cup upset 7:37

    Accident and Emergency:
    Sir Ed's trust launches appeal for sherpas 7:16

    Law and Order:
    Man dies after Gisborne shooting 7:06

    Law and Order:
    NZ uni security in the spotlight 6:26

    Langman milestone spoiled by Magic 21:56

    Rugby League:
    Reborn Eels inspiring Hayne 21:16

     News Search

    Power Search

    Click for info on advertising with WebAds
    © 2014 New Zealand City Ltd