In April 2009, Quadrant acquired a 50% equity interest in Summerset Retirement Villages from AMP Capital Investors. Summerset is one of New Zealand’s leading operators of retirement villages and providers of aged care services.
Comprising ten operating villages and two villages under development, Quadrant’s investment in Summerset provides exposure to one of New Zealand’s leading retirement village operators and an industry experiencing rapid growth.
Quadrant and AMP Capital Investors have committed to contribute additional capital to help finance Summerset’s next stage of growth, with plans to expand its footprint throughout the North Island of New Zealand via new developments and selective acquisitions.
Summerset was founded in 1994 to provide mature New Zealanders with a high quality lifestyle in a safe, secure and enjoyable environment at an affordable cost. Summerset currently provides village lifestyle options and care facilities to more than 1450 people.
Please refer to www.summerset.co.nz for further information.
Writen by Global Administrator, 14/03/2016 News