Announcement
ASSET: SUM: Summerset Gets Green Light for $55M Village in New Plymouth
09:15am
SUM
14/02/2014 09:15
ASSET
REL: 0915 HRS Summerset Group Holdings Limited
ASSET: SUM: Summerset Gets Green Light for $55M Village in New Plymouth
NZX, ASX & MEDIA RELEASE
Friday 14th February 2014
SUMMERSET GETS GREEN LIGHT FOR NZ$55 MILLION VILLAGE IN NEW PLYMOUTH
Summerset has been granted resource consent to build a NZ$55 million
retirement village at its site on Carrington Road, New Plymouth.
The 4ha village will be Summerset's first village in the Taranaki region. The
village has a rural outlook towards Mt Taranaki. This picturesque flat site
is located for excellent sun.
Summerset CEO Norah Barlow said, "Summerset Mountain View will have a unique
feel to it. There's few other locations in the country with a view that's as
instantly recognisable. It's only a 10 minute drive from town and five
minutes from beautiful Pukekura Park."
The company intends to build around 150 homes on the 4ha site. The village
will have townhouses and villas for independent living, and care apartments
and care rooms for those with more advanced needs. Care integrated into a
village in this way provides residents with certainty that should they
require more care as their needs change, it is provided on site.
The heart of any Summerset village is the village centre, which will house a
range of recreational facilities as well as the care centre offering rest
home and hospital-level care.
New Plymouth's village centre will include a cafe, an indoor spa and swimming
pool, exercise room, hair salon and residents' bar. Outdoor facilities could
include an all-weather bowling green, blokes' shed, communal vegetable garden
and BBQ area.
Summerset announced its purchase of the land in August 2013.
ENDS
For investor relations enquiries:
Julian Cook
Chief Financial Officer
julian.cook@summerset.co.nz
04 894 7310 or 029 894 7310
For media enquiries:
Kimberley Rothwell
Communications Advisor
kimberley.rothwell@summerset.co.nz
04 894 6993 or 027 601 2001
End CA:00246998 For:SUM Type:ASSET Time:2014-02-14 09:15:00
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