Our mission is to be the landlord of choice for those Kiwi households seeking security of tenure in a modern, healthy and secure home.
We achieve this by bringing together committed capital partners and best practise property management, to develop and manage purpose build rental housing, which we offer on fair and accommodating terms.
New Ground Living is the first specialist manager of built-to-rent homes in New Zealand.
Build-to-rent investing is an important component of institutional investment portfolios in most developed economies but, until now, institutional investors simply haven’t had any viable investment options in the NZ residential rental market. By establishing New Ground Living we are providing professional investors the means of investment in NZ’s largest capital market.
At the same time, we are introducing an altogether better rental model for NZ’s renting households, based on the best features of the most successful rental markets around the world. These long-term rental homes will provide our clients with security of tenure, enabling young families (in particular) to enjoy stability of schooling for their children, and allowing all of our clients to make our houses their homes.
Our first homes are currently under construction at Hobsonville Point in Auckland. This development, known as Kerepeti, is a joint venture between New Ground, Ngai Tahu Property and NZ Super Fund. Through this joint venture we are building 208 homes of which 47 will be retained by the consortium as long-term rentals. The first rental homes will be ready for occupation in early 2018.
We are also currently building 49 new long-term rental homes for the NZ Defence Force at Whenuapai, and have other projects in the pipeline in Auckland and Queenstown.
As we complete more projects, we will be able to bring our superior rental experience – of better homes, security of tenure and a conscientious landlord – to more and more New Zealanders.
New Ground Living is a portfolio of residential rental properties managed by New Ground Property Management Limited, a subsidiary of New Ground Capital Limited. New Ground Capital was established to create innovative capital and investment opportunities for the benefit of New Zealand and New Zealanders. In a very real sense, we are breaking new ground in the local financial market. Find out more
Ngāi Tahu Property Limited is a property development and investment company with assets valued at approximately $500 million. It is one of the investment pillars of Ngāi Tahu Holdings Corporation and a lead investor in New Ground Living. Its mission is to create wealth for Ngāi Tahu Whānui (families). Find out more
The NZ Super Fund is a global investment fund set up by the Government in 2003 to help pre-fund the rising cost of universal superannuation. The Fund invests on a commercial basis and has returned 10% p.a. since inception. A long-term, growth-oriented investor, it has nearly $5b invested in New Zealand. Find out more