New Ground Capital is negotiating on a central Auckland site for a 400-unit new apartment building that will be designed and built specifically for the rental market.
The building will bring together all the best aspects of build-to-rent in a showcase development that focusses on high quality apartments that are near good transport links. Read More. (You will need a NBR subscription to read this article).
A new real estate asset class is quietly growing around the country and, as the number of Kiwis renting out of choice or necessity rises, and more 'mum and dad' landlords leave the real estate sector, it is likely to expand in the coming years, a new CBRE report says. New Ground Capital is the property company in New Zealand doing the lion’s share of BTR developments, typically apartments and terrace houses.
Read More. (You will need a NBR subscription to read this article).
The biggest "build-to-rent" apartment development, slated for Tamaki in east Auckland, is shaping up as New Zealand looks at ways to tackle its housing shortage.
New Ground Capital is planning a five-storey building of about 178 one and two-bedroom apartments which will be available on three to seven-year leases. Read More.
Our newly-established Impact Enterprise Fund has invested in Wellington-based digital health platform Melon Health. Melon's software, accessible via the web or an app, is designed to help people manage chronic illnesses. Melon Health is the first investment of the Impact Enterprise Fund, New Zealand's first domestically focused impact investment fund. Read More.
You would have heard the buzz around sustainable investing by now. Whether it’s called responsible, ethical, green or impact investment – the terms can be interchangeable and mean different things to different investors – it’s a trend that’s undoubtedly on the rise.
The NZ Super Fund has proposed to design, build and operate an Auckland light rail service. The team has so far done a lot of work in fisheries, in the retirement area, and with iwi and hapu nationwide, including the new housing development with Ngai Tahu Property and New Ground Capital at Hobsonville Point. Now the fund has indicated that it wants to explore forming an international consortium of infrastructure investors to build and run the light rail network
The first units for sale at New Ground Capital’s Toru development at Frankton’s Remarkables Park are 28 apartments on the top three floors of the first building, Toru East. NGC managing director Roy Thompson says: “There is a severe shortage of affordable housing and long-term rentals in the district, partly because there are almost no high-density developments here yet...
The Queenstown Lakes Community Housing Trust has secured funding from Westpac Bank, allowing it to purchase 50 apartments in New Ground Capital's Remarkables Park apartment complex. The apartments are likely to be used for a mixture of affordable rentals and assisted-ownership homes and will be a significant step towards the trust's goal of assisting 1000 households in the next 10 years.
(Subscription access only)
With the launch of New Zealand’s first domestically focused impact investing fund, New Ground Capital has broken new ground here in the land of the long white ground. The new Impact Enterprise Fund will now focus on expansion opportunities in fast growing sectors here in NZ.
Over $8 million has been committed by 35 investors to New Ground Capital’s Impact Investing fund, the Impact Enterprise Fund – a collaborative venture between the Ākina Foundation, New Ground Capital and Impact Ventures. Following the first round of funding, New Ground Capital are hoping to increase this initial total to the $10-$15 million mark in late April.
Solving a very real need for worker housing in NZ’s tourism capital, New Ground Capital has now received consent to develop the 227 units that will make up the Remarkables Park Apartments, just across the road from Remarkables Park Town Centre.
A fantastic look at the social enterprise sector in NZ, including how the Impact Enterprise Fund will encourage entrepreneurs to launch social enterprises by providing capital to businesses looking to have a positive impact.
Ali Mau talks to New Ground Capital Managing Director Roy Thompson about NGC’s Build to Rent housing, nearing completion at Hobsonville Point. How will this project offer greater security for young families (and even their pets)?
Long-term rentals may make all the difference to people like single mum Monique, who hasn’t felt confident settling in anywhere with her daughter. New Ground Capital’s new Hobsonville development looks to provide people like Monique with secure, stable, affordable rental housing for many years to come.
(Subscription access only)
Article on launch of the Impact Enterprise Fund (paid content)With the announcement of New Ground Capital’s impact investing fund, NBR looks at what the fund will do, and what NGC is hoping to raise in its first round of funding.
The first sod of earth has been turned on the new Whenuapai development, where New Ground Capital is working with the Whenuapai Housing Development Partnership to develop profitable, yet affordable and secure rental housing to the West Auckland community.
The announcement of Hobsonville Point’s affordable housing scheme sees New Ground Capital running the rental component of the project, alongside Ngai Tahu, who will oversee the development.
