October 24, 2013
Ngai Tahu puts money into retirement sector
Ngai Tahu Holdings is doubling down on kaumatua.
The company, which has 6 percent stake in retirement home operator Ryman Healthcare, has just taken a $4 million stake in aged care provider Summerset Group Holdings.
Holdings chair Trevor Burt says it is also looking at buying in to Metlifecare when Australian cornerstone investor Retirement Villages Group sells out next month.
He says the Ryman investment has given Ngai Tahu a greater understanding of the sector, and it is now considering how much it should extend and diversify within that sector.
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