Build-to-rent development to bring new housing choice and availability to Takapuna
Takapuna is destined to become home to the North Shore's first major build-to-rent development thanks to a sale and development agreement between Eke Panuku Development Auckland and the Cedar Pacific and McConnell Property consortium.
Build-to-rent, widely embraced overseas and an emerging concept in New Zealand, offers Kiwis the option of secure, long-term rental accommodation with a range of amenities of the type normally seen in top-quality hotels. Owned by investors, not landlords, and professionally managed, build-to-rent living appeals to a wide range of tenants, from first-time renters to those looking for an alternative to retirement village living.
Eke Panuku Priority Location Director - North, Kate Cumberpatch, says this agreement will see the development of around 350 new state-of-the-art apartment homes and deliver on the agency's regeneration plans to provide more housing supply and choice and stimulate further growth and investment in this lake and seaside neighbourhood.