Menus by a celebrity chef and more appealing activities are what retirement village operator Metlifecare believes is behind a big rise in demand for its units this year.
The company announced a record net profit of $251.5 million on Monday, up 10 per cent on the previous year to June 30.
Chief executive Glen Sowry said the result was boosted by a 14 per cent increase in the value of its assets, now worth $3 billion, but also significant gains from resales and development margins.
from Ellie NZ Rss http://www.stuff.co.nz/business/industries/96219039/Livelier-villages-pay-off-for-retirement-village-firm-Metlifecare
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