Simplicity 'goes large' with homebuilding fund

The Simplicity Living build-to-rent development in Onehunga. (Image: Simplicity Living)

Mon, 30 Oct 2023

Nonprofit fund manager Simplicity is setting up a dedicated housing fund with the ambitious goal of building and funding 25,000 homes over the next 10-15 years.To do this, managing director Sam Stubbs said the new homes and income fund and existing Simplicity housing investments would need to scale to something like $12 billion under management, a figure he said was equivalent to 5% of term deposits held in New Zealand.The project, which Stubbs likened to a new deal for NZ investors, was the continuation of what Simplicity had already been doin...

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