Senior Trust Quarterly Report July 2021
This report outlines a year of strong performance based on
investment principles that have evolved over decades of experience as a specialist lender to the retirement village sector.
Source: Scoop July 2021
Retirement Village Unit Shortage Looms As Supply Struggles To Keep Pace With Demand
According to research published in JLL NZ’s 9th annual NZ Retirement Villages and Aged Care Whitepaper, there are currently 422 retirement villages operating in New Zealand, comprising just under 36,500 units.
But while these figures reflect strong recent growth in the retirement village sector, JLL NZ Managing Director, Todd Lauchlan, says the statistics paint a picture of an industry struggling to keep up with demand from our ageing population.
Source: Scoop 1 July 2021
Lockdown loneliness sees surge in sign-ups for villages
Loneliness during lockdown may be behind a huge spike in sales at retirement villages, with one reporting a nearly 50 per cent rise.
Watch the video to learn more.
Source: 1 News
Promisia Opening Additional
Aged Care Facility
Promisia Integrated Limited, an aged care provider partly funded by Senior Trust, has opened the first wing of its Aldwins House aged care facility.
Reserve Bank more serious about negative interest rate
The Reserve Bank is laying more groundwork for cutting the Official Cash Rate below zero which would benefit borrowers at the expense of savers who have already seen interest rates on term deposits and other cash savings hammered.
Senior Trust Retirement Village Income Generator
The combination of a surging retirement village sector and a low yield interest environment are behind the recent launch of a further investment offer from Senior Trust Management Limited.
Income Generator Enters Into a New Loan
Forest Glen is resource consented to provide 113 units of mixed size, with 105 on-site carparks, as well as a full range of amenities, in park-like settings adjacent to the Nukumea Stream Reserve on Orewa’s northern border
Electra Acquires Stake in Quail Ridge
Electra Limited announced today that it has acquired a 49.9% stake in Quail Ridge Country Club Limited and its associated building company, Kerikeri Falls Investment Limited.
Income Generator Enters into a Loan with Ranfurly Village
Senior Trust Retirement Village Income Generator (“Income Generator) announces it has entered into a loan agreement with Ranfurly Village Limited. Click the link below to read more about Ranfurly.