Kiwi Property doubles down on build-to-rent apartments

An artist's impression of the new build-to-rent apartments at Sylvia Park. (Image: Supplied)

Tue, 21 Sep 2021

Kiwi Property has decided to go ahead with its first build-to-rent (BTR) project, a $221 million 295-apartment complex at Sylvia Park.Kiwi has been talking about the BTR concept, apartment buildings developed specifically to rent long term in a market in which many are being priced out of homeownership, for some time and told its annual shareholders' meeting in July it was making the final preparations.It already had resource consent for the Sylvia Park project and has also applied for consent to build another BTR project at its Lynn Mall s...

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