Developer Alex Cassels calls for build-to-rent funding innovation

Wellington City Council's Te Kāinga programme repurposes office buildings as rental apartments. (Image: WCC)

Fri, 11 Oct 2024

It was no coincidence the big guns turned out for the official opening of NZX-listed Kiwi Property’s Resido build-to-rent (BTR) development in Sylvia Park in June.The shiny new 295-apartment complex is one of only a few examples in New Zealand so far of a new category of accommodation: apartments purpose-built to offer quality, affordable, long-term rentals to those unable or unwilling to buy their own home.Prime Minister Chris Luxon and Housing Minister Chris Bishop took to the stage at the Resido opening to proudly announce their p...

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