NZ Urban Development news from the media | 28 September 2021 | Kiwi Property presses go on the country's biggest "build-to-rent"


Hi *|FNAME|*, Please find below Urban Development News from the media from the week of 28 September 2021.

Provided by Rockhopper Development Management & Advisory, a member of:                             

Kiwi Property presses go on the country's biggest "build-to-rent"

Leading property owner Kiwi Property has pushed the go button on a $221 million apartment development for long-term rentals at Sylvia Park shopping centre in Auckland, with plans for hundreds more rented apartments.

It is by far the biggest “build-to-rent” development in the country with the others that have been developed only about 40 to 50 apartments alongside apartments for sale.

Kiwi Property announced today a 295-apartment complex will be developed at Sylvia Park, the country’s largest mall, hundreds more were planned there, and it was seeking resource consent for 245 apartments for long-term rental at LynnMall.

Single, unified design revealed for Queen Street

Earlier this month Auckland Council announced that the last three stages of the Wai Horotiu Queen Street Project – from Customs Street to Mayoral Drive – would be delivered in one cohesive design.

Today, 22 September, Aucklanders will see the detail of that design. Plans show how the city’s premier street will look, feel and function when the work is completed in September 2022.

The main feature of the design is substantially wider footpaths, giving all people on foot and on wheels designated spaces to ensure they co-exist safely.


Mega retirement villages on the rise but fewer options for affordable pensioner housing remain

Retirement living has become a multi-million dollar business but more choice is needed to make sure it’s not just the wealthy being looked after in their sunset years.

Summerset plans to build a $150 million retirement village in Cambridge adding to its two villages in Hamilton and another in Taupō.

Nationally the operator has 33 villages, more than 6600 residents and about 1900 staff.


Kāinga Ora to build thousands of prefabricated homes for transitional housing

Kāinga Ora plans to purchase thousands of prefabricated homes to address the country’s growing need for transitional housing, many of which will be built offshore and shipped over.

Kāinga Ora general manager of construction Patrick Dougherty said a main goal of the project was to boost New Zealand’s domestic off-site manufactured (OSM) capacity and capability.

However, in order to meet demand, many would be constructed abroad and shipped over as ready-built, weathertight one and two-bedroom homes.

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