It's simple. Build more homes, says Stubbs

It's simple. Build more homes, says Stubbs
The 256-apartment Morningside development is due for completion in late 2027. (Image: Simplicity)
Brent Melville
Simplicity Living will spend $150 million on a 256-apartment build-to-rent development in Morningside, Auckland – its sixth planned property development in two years.Managing director Shane Brealey said construction was expected to start on its just purchased 6,560 sq metre site on 10 Morningside Drive next year, with completion due in late 2027. The property, zoned mixed use, currently houses a mix of retail and warehouse buildings; the largest tenants are Poynters, Caffe Coffee and Cutting Services.Brealey said the new residences w...

More Property

Oceania shrinks footprint, prioritises balance sheet
Property

Oceania shrinks footprint, prioritises balance sheet

Oceania has divested four aged care facilities in the space of six months.

Paul Bary lobbies minister over Du Val BTR
Property

Paul Bary lobbies minister over Du Val BTR

Du Val Build To Rent assets could be sold early next year; investor Paul Bary unhappy.

Receivers ask Du Val founders: ‘Where are the assets?’
Property

Receivers ask Du Val founders: ‘Where are the assets?’

Du Val receivers say they have evidence of other assets they want information on.

Maria Slade 21 Nov 2024
Reasonable progress or pass the parcel?
Property

Reasonable progress or pass the parcel?

Opinions split over whether buildings are being earthquake-strengthened fast enough.