The retirement village operator is forecasting pro forma net operating cashflows of $51.9 million and total investment properties of $632.6 million for the financial year ending 31 December 2012.

A dual listing for Kathmandu on the ASX and NZX is on the cards, but kiwi investors could be left out as the bulk of the stock goes across the Tasman.

NBR understands the long-touted listing on the ASX will go ahead in November, with its private equity firm owners looking for a dual listing on the NZX.

Private equity has taken a near 50% stake in retirement home operator Summerset, 18 months after AMP Capital ditched plans for a $300 million sharemarket float of the business.

NBR is told that Australian firm Quadrant Private Equity has formed a joint venture company with AMP Capital and taken a 49.9% shareholding in Summerset.

AMP Capital spokeswoman Sue Ryan this afternoon confirmed the deal, which is subject to Overseas Investment Office approval.