Kāinga Ora to sell properties in wealthy suburbs as part of turnaround plan

Kāinga Ora to sell properties in wealthy suburbs as part of turnaround plan
The agency is being refocused on its core role: being a social housing landlord. (Image: BusinessDesk)
Oliver Lewis
Kāinga Ora will focus on selling properties in high-value areas and look to slash new-build costs as part of its financial turnaround plan.Housing Minister Chris Bishop announced on Tuesday the agency (KO) was being refocused on its core role as a social housing landlord.Board chair Simon Moutter, who was appointed in May 2024 after a critical Bill English review of the agency, contributed to the turnaround plan, which was provided to the Government last year.“Our new plan for Kāinga Ora, which the Government has approved, outlines a clea...

More Policy

MoT to gauge market interest in toll road concessions
Policy

MoT to gauge market interest in toll road concessions

Investment bank Citi will assist the ministry. Transurban has already signalled interest.

Govt announces first three 'regional deal' contenders
Policy

Govt announces first three 'regional deal' contenders

Ministers want regions to consider 'asset recycling', among other funding tools.

Oliver Lewis 02 Jul 2025
‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades
Policy

‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades

Two of the biggest NZ ports are raising prices as they plan major investments.

Oliver Lewis 02 Jul 2025
'There are some firms in NZ I won’t touch'
Policy

'There are some firms in NZ I won’t touch'

Adam Feeley on the reluctance to call out poor performers in NZ infrastructure sector.

Oliver Lewis 30 Jun 2025