October 2021 - January 2022
Build-to-rent finally gaining traction in New Zealand HOUSING
Countries overseas have already adopted build-to-rent as a way to tackle housing issues – New Zealand may finally be catching up as Kiwi Property plans to construct the country’s first large-scale build-to-rent development
82 propertyandbuild.com
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ocated at Sylvia Park, Auckland, the 295-unit apartment complex is set to change what it means to rent in New Zealand. Construction of the $221 million development is scheduled to begin later this year, offering a mix of studio, one, two and three-bedroom apartments that are built for sustainable living. Build-to-rent properties are owned and managed by an institutional landlord – Kiwi Property in this case – and are specifically designed for long term tenancy. The model offers
