New Ground Capital

Kaweka – our latest Build-to-rent (BTR) project for Hāpai Housing – is complete, achieving NZGBC Homestar 7 certification! This builds on the success of award-winning Moroki, offering 44 high-quality apartments consisting of studios, 1 and 2 bed units in Mt Albert.   Mt Albert’s central location, transport links, green spaces, and access to quality education made it an obvious choice for our next BTR development for Hāpai. The suburb is named after an extinct volcanic cone, and the naming of the development acknowledges this, with Kaweka translating to “ridge of a hill.”   The ethos of sustainability focused design is continued from Moroki, and includes centralised hot water, soon to be installed solar panels, and EV charging. Honouring the unique features of the local whenua, existing onsite volcanic rock is integrated into the landscaping.   Kaweka has raised garden beds, enabling residents to cultivate their own food, digital locks for enhanced security, video-calling intercom systems, and the innovative New Ground MyLiving app. This app enables residents to create forums and clubs, chat with neighbours, and communicate directly with their Community Manager, fostering a connected and engaged community.   This was a challenging site with rock, overhead powerlines, and nestled amongst a built-up area. We leaned into these challenges and designed a development that celebrates the natural environment to create a charming urban oasis. This was achieved through efficient building design, thoughtful orientation, a native planting palette, and street art delivered by artist Gary Silipa. His artwork reflects the volcanic theme of the surrounding suburb.   Given the success of Moroki, we are thrilled to deliver this next iteration to a market in much need of high-quality, sustainable, and secure rental homes. The first tenants are already loving their new homes and the lifestyle Kaweka offers. Meri Kirihimete 🎄

Kaweka – our latest Build-to-rent (BTR) project for Hāpai Housing – is complete, achieving NZGBC Homestar 7 certification! This builds on the success of award-winning Moroki, offering 44 high-quality apartments consisting of studios, 1 and 2 bed units in Mt Albert.   Mt Albert’s central location, transport links, green spaces, and access to quality education made it an obvious choice for our next BTR development for Hāpai. The suburb is named after an extinct volcanic cone, and the naming of the development acknowledges this, with Kaweka translating to “ridge of a hill.”   The ethos of sustainability focused design is continued from Moroki, and includes centralised hot water, soon to be installed solar panels, and EV charging. Honouring the unique features of the local whenua, existing onsite volcanic rock is integrated into the landscaping.   Kaweka has raised garden beds, enabling residents to cultivate their own food, digital locks for enhanced security, video-calling intercom systems, and the innovative New Ground MyLiving app. This app enables residents to create forums and clubs, chat with neighbours, and communicate directly with their Community Manager, fostering a connected and engaged community.   This was a challenging site with rock, overhead powerlines, and nestled amongst a built-up area. We leaned into these challenges and designed a development that celebrates the natural environment to create a charming urban oasis. This was achieved through efficient building design, thoughtful orientation, a native planting palette, and street art delivered by artist Gary Silipa. His artwork reflects the volcanic theme of the surrounding suburb.   Given the success of Moroki, we are thrilled to deliver this next iteration to a market in much need of high-quality, sustainable, and secure rental homes. The first tenants are already loving their new homes and the lifestyle Kaweka offers. Meri Kirihimete 🎄

“We need a range of solutions to address the problems entrenched in our housing market, head-on. Build-to-rent is a compelling one,” says Roy Thompson, MD of New Ground Capital, because it provides high-quality, affordable housing that prioritises long-term tenancy and community stability. The Government’s intention to introduce legislation that allows overseas investment in build-to-rent developments in New Zealand is a necessary change and marks a positive milestone for Kiwis. This sets the stage for NZ to emulate the success of build-to-rent in countries like Australia, the UK and Germany. But there’s another key step the government needs to take to incentivise build-to-rent developments. Read Roy’s opinion piece: https://lnkd.in/gneqnwfY

It’s official! Moroki, the new 50 unit build-to-rent community in Glen Innes that we’ve delivered for Hapai Housing, has achieved Homestar 7 and 8 certification. Sustainable design and construction is not only the right thing to do, but will provide real savings to Moroki residents on their monthly energy bills. Moroki is housing more than 80 people in warm, dry, healthy, homes where they spend less to live well and enjoy the security and stability of a 10-year lease. Thanks to our construction partners Mike Greer Commercial for their high quality delivery of the Moroki development. https://lnkd.in/gRRE5gfp

It’s official! Moroki, the new 50 unit build-to-rent community in Glen Innes that we’ve delivered for Hapai Housing, has achieved Homestar 7 and 8 certification. Sustainable design and construction is not only the right thing to do, but will provide real savings to Moroki residents on their monthly energy bills. Moroki is housing more than 80 people in warm, dry, healthy, homes where they spend less to live well and enjoy the security and stability of a 10-year lease. Thanks to our construction partners Mike Greer Commercial for their high quality delivery of the Moroki development. https://lnkd.in/gRRE5gfp

Build-to-rent is a key tool we can utilise as a nation to help fix our housing issues. It provides renting households a warm, healthy home and the stability they need to live well and get ahead – it’s renting as it should be. It’s also an excellent form of diversification and source of stable returns for institutional investors. And if we can help fix our housing issues, we all benefit by becoming a more resilient and prosperous society. Learn more about how the build-to-rent model works and why it’s better for everyone. https://lnkd.in/gTrjFTyR

Discovering New Ground Living and the build-to-rent model put an end to living in mouldy rental houses (and moving into properties only to get moved on by landlords wanting to sell) for one of our residents. And then it morphed into a new career. Today we’re giving a shout-out to Hayden Collier who went from tenant to Community Manager at Kerepeti in Hobsonville Point where he’s ‘the glue’ for  New Ground Living’s resident community. Hayden, we appreciate you! https://lnkd.in/g5aRv9g8

“This fund has the ability to have more impact than anything we’ve done in BayTrust’s 30-year history.” So says Alastair Rhodes, CEO of BayTrust, about the $100m Bay of Plenty Housing Equity Fund started by the trust and four other local investors. New Ground Capital is proud and excited to have been chosen to manage this fund alongside Brightlight . Through the fund, we’ll be providing both the capital and housing delivery expertise to Bay of Plenty housing organisations, including community housing providers and iwi, to enable the delivery of more homes – and the types of homes – the Bay of Plenty so badly needs. https://lnkd.in/gY6xe35P

Our Managing Director, Roy Thompson spoke to journalist Sharon Brettkelly today on RNZ about the newly launched Bay of Plenty Housing Equity Fund which aims to make a significant dent in the critical housing issues in the region, whilst producing a healthy return of CPI + 4 percent for its investors. With $90m of capital in the pot to begin with and four housing projects already in the pipeline, the BOPHEF will provide equity to fund projects to produce the types of housing the government and the market are not. BayTrust – instigator of the fund – and its fellow investors/shareholders have ambitions to grow the BOPHEF to several times its current size and are actively looking for new investors both within and outside of the region. Hear Alastair Rhodes, BayTrust CEO, and New Ground’s Roy Thompson describe how the fund will work to address our housing crisis over at RNZ. https://lnkd.in/gfVva4Y5