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EQT's Metlifecare sell NZ$546.4M in homes in FY25 with profit up 25%
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EQT's Metlifecare sell NZ$546.4M in homes in FY25 with profit up 25%
New Zealand retirement village operator Metlifecare – owned by Swedish investment giant EQT – has posted a 25% rise in annual profit and record sales for FY25, as demand for village housing and care continues to accelerate. Metlifecare delivered a net profit of NZ$66.4 million (FY24: NZ$53.1 million), supported by a NZ$135.4 million fair value gain on investment property. Total home sales jumped 17.6% year-on-year, reaching NZ$546.4 million. Ope…
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