Summerset Purchases Additional Land for Casebrook Village

Summerset Group Holdings Limited
Level 27 Majestic Centre, 100 Willis St, Wellington
PO Box 5187, Wellington 6140
Phone: 04 894 7320 | Fax: 04 894 7319
Website: www.summerset.co.nz

NZX & ASX RELEASE

13 NOVEMBER 2017


SUMMERSET PURCHASES ADDITIONAL LAND FOR CASEBROOK VILLAGE

Summerset today announced it has purchased additional land adjacent to its Casebrook village
in Christchurch.

Summerset CEO Julian Cook said the purchase of 2.1ha in Cavendish Road would provide for
an additional 71 villas at its Casebrook village.

“We are seeing strong enquiry for our Casebrook village, which is currently under construction,
with the first homes available to move into in March next year. We are excited to be able to
secure this land to provide more homes for Canterbury retirees,” he said.

On completion, Summerset on Cavendish will now offer over 340 homes, including two and
three bedroom villas and serviced apartments. There will also be rest-home and hospital level
care as well as our first memory care centre in Christchurch. Summerset’s innovative, award
winning memory care concept means people living with dementia have their own one bedroom
apartment complete with living space and bathroom in a secure environment.

“We were the first aged care operator in New Zealand to launch this style of apartment living for
those with dementia. Our first memory care centre opened in Levin last November,” Mr Cook
said. “These centres provide residents with the dignity and respect of having their own home
within a secure centre, purpose designed for their needs.”

ENDS

For investor relations enquiries: For media enquiries:
Scott Scoullar Michelle Brooker
Chief Financial Officer Senior Communications Advisor
scott.scoullar@summerset.co.nz michelle.brooker@summerset.co.nz
04 894 7320 or 029 894 7317 04 830 1106 or 021 225 9624


ABOUT SUMMERSET
 Summerset is one of the leading operators and developers of retirement villages in New
Zealand, with 22 villages completed or in development across the country. In addition,
Summerset has seven sites for development in Avonhead (Christchurch), Richmond
(Nelson), Rototuna (Hamilton), Keneperu (Wellington), Lower Hutt (Wellington), St Johns
(Auckland) and Parnell (Auckland), bringing the total number of sites to 29.
 It provides a range of living options and care services to more than 4,400 residents.
 Four-time winner of Retirement Village of the Year and Silver Award winner in the Reader’s
Digest Quality Service Awards 2017.
 The Summerset Group has villages in Aotea, Casebrook, Dunedin, Ellerslie, Hamilton,
Hastings, Havelock North, Hobsonville, Karaka, Katikati, Levin, Manukau, Napier, Nelson,
New Plymouth, Palmerston North, Paraparaumu, Taupo, Trentham, Wanganui, Warkworth
and Wigram.