Retirement village expansion set as land deal announced
The expansion of Summerset Retirement Village, on the left, is set to get underway next year after neighbouring land was purchased. Photo: Supplied
Blenheim’s newest retirement village is expanding after bosses snapped up a neighbouring 4-hectare site.
Summerset Group have revealed they are extending their Old Renwick Road village by up to 100 extra homes.
The new site is one of four bought by the group across the country, joining Belmont in Auckland, Paraparaumu on the Kāpiti Coast and Boulcott in Lower Hutt.
It’s a move which gives retirees more housing options in Marlborough, says Summerset Chief Executive Scott Scoullar.
“Our Blenheim extension will offer more housing options for Marlborough retirees and will have appealing new resident facilities that we believe will give the village a great point of difference in the market.”
He added it was “very pleasing” to strengthen the company’s landbank and secure excellent sites in a good mix of high demand locations.
The village extension will have added extras such as croquet and an outdoor BBQ area.
Scott says the purchase was about meeting demand in a proven location.
“While 2024 has represented a very challenging business environment for us it has also created some excellent opportunities to acquire great sites where we can introduce more New Zealanders to our retirement village lifestyle.
“Village extensions are about meeting demand in proven locations, often where we already have pre-existing capacity in the supporting village infrastructure.”
Construction on the expansion to Summerset Retirement Village is expected to start next year.