Summerset signs lease

Summerset Group has signed a 127-year lease for an undisclosed sum to build its sixth Auckland village. The 2.5 ha site on Parsons Paddock in St John’s was made available by St John’s College Trust Board, the Wellington-based company said. Summerset this week said it had bought 2.4 ha in Warkworth to allow it to add 77 retirement units next to its existing Summerset Falls village.

The Business Herald