Pembury Lifestyle Group retirement lodges
Newly listed Pembury Lifestyle Group has received the JSE’s approval on the acquisition of six Pembury retirement lodges.
This diversification of the Pembury Group’s portfolio into the retirement industry will add a mature and stable base of future earnings to the group’s rapidly expanding education assets.
“In addition to providing stable earnings, the acquisition strengthens the group through diversification,” explains CEO Andrew McLachlan. “It also allows investors a unique opportunity to invest in the retirement sector. When international models of similar retirement operations have listed on their stock exchanges, they have proven to be successful investment vehicles. This is because the retirement sector is characterized by strong and growing demand.”