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- Release Date: 03/04/12 10:43
- Summary: ASSET: SUM: Summerset announces new village for Auckland
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SUM
03/04/2012 08:43
ASSET
REL: 0843 HRS Summerset Group Holdings Limited
ASSET: SUM: Summerset announces new village for Auckland
Retirement village developer and operator Summerset has announced the
purchase of a 7.6 hectare waterfront property in Hobsonville, Auckland.
The company is awaiting OIO approval before completing the purchase which
will see it secure the site, known locally as Monterey Park.
The land will become the company's 18th site. Details of the village will be
made public following the completion of the resource consent process.
Summerset CEO Norah Barlow said the company had a mandate to expand into the
Auckland region in order to cater for the area's aging population.
"In addition to the already aging population, Auckland's population is
growing faster than any other region in the country.
"We see ourselves as a solution to both potential residents and the
government in providing quality housing, lifestyle options and care," Mrs
Barlow said.
The village will benefit from the Auckland City Council's North West
transformation project that will bring a range of modern amenities into the
area as well as providing transport links with the wider city.
The site sits opposite the Hobsonville Point housing development.
"We look forward to providing the people of Hobsonville with a first class
facility set in one of the most beautiful locations in the area."
Monterey Park is a very special place. It is surrounded by water and has
views to both the North and the East. It has been lovingly landscaped and has
an important local history. We intend to maintain its character and develop
thoughtfully and are looking at incorporating some of the historic
characteristics into the village design," Mrs Barlow said.
This includes the restoration of two category two historic buildings on the
site.
"We have a strong focus on growth. This purchase is another step towards
reaching our target of delivering 250 units per annum within five years" Mrs
Barlow said.
Summerset will develop the village over a period of five to seven years with
plans to offer a full continuum of care including independent villas and
apartments, a village centre with recreation facilities and a care centre
offering rest home and hospital level care.
ENDS
End CA:00221491 For:SUM Type:ASSET Time:2012-04-03 08:43:21
