NZ Super Fund, Ngai Tahu invest $113 million in Auckland housing project

Thu, 17 Dec 2015

By Fiona Rotherham Dec. 17 (BusinessDesk) - The New Zealand Super Fund has teamed up with Ngai Tahu’s property arm and New Ground Capital, to invest in a $113 million new housing development at Hobsonville Point – its first direct foray in the Auckland housing market. The investors will purchase 1.95 hectares of former New Zealand Defence Force land in two lots from a Housing New Zealand subsidiary, the Hobsonville Land Co, to build 200 new homes by late 2018, they said in a statement. NZ Super chief executive Adrian Orr had indicated...

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