Sharechat Logo

Summerset Group Holdings Limited (NZX: SUM) 4Q20 Metrics - Sales of Occupation Rights

Monday 11th January 2021

Text too small?

Summerset Group reports 296 sales of occupation rights for the quarter ending 31 December 2020, comprising 176 new sales and 120 resales.

Summerset CEO Julian Cook said the team continues to focus on executing the strategy and he was pleased to see that this was the strongest quarter sales result in Summerset’s 23-year history.

“We are very pleased with these results and have a strong pipeline of sales for Q1, 2021,” Mr Cook said.

Mr Cook said Casebrook (Christchurch), Ellerslie (Auckland) and Rototuna (Hamilton) retirement villages were the standout performers in Q4. “We opened the main building at Casebrook in March and have sold 88% of its serviced apartments and memory care centre apartments,” Mr Cook said.

Rototuna’s main building opened in November and the first residents moved into Summerset’s new village in Bell Block (New Plymouth) in December. Mr Cook said 2021 pre-sales were encouraging, particularly at Summerset’s new Kenepuru (Wellington) and Te Awa (Napier) villages. “We have pre-sold over 93% of Te Awa’s villas which are due to be delivered in Q1, 2021,” he said.

In the first half of 2021, Summerset will also open the main building at its Richmond (Nelson) retirement village, providing village facilities, serviced apartments, a care centre and memory care centre.

See the links below for more details:

4Q20 Metrics - Sales of Occupation Rights

Source: Summerset Group Holdings Limited



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Napier Port Holdings Limited (NZX: NPH) 2021 Earnings Guidance Update
Comvita Limited (NZX: CVT) Full Year Guidance Update
Scott Technology Limited (NZX: SCT) Meat Industry Contract Win
PaySauce Limited (NZX: PYS) Quarterly Market Update
NZ Windfarms Limited (NZX: NWF) Agrees a New VVFPA for Q1 2022 to Q3 2022
Harmoney Corp Limited (NZX: HMY) 3Q21 Trading Update
Pacific Edge Limited (NZX: PEB) United Healthcare Issues Positive Coverage Cxbladder
Scott Technology Limited (NZX: SCT) 2021 Half Year Announcement
NZX Limited (NZX: NZX) Appoints Specialist Global Expert to Tech Committee
AFT Pharmaceuticals Limited (NZX: AFT) Secures New Partners in Poland and Greece