A hard-fought win has just taken place for Build to Rent.
For a few years now, Property Council and it’s Build to Rent taskforce have advocated for the Government to change the Overseas Investment Act to make applications easier for large scale institutional investors to invest here. Honouring their first 100 days commitment, the new Government has not only promised legislation soon to create a streamlined consent pathway for Build to Rent, they’ve also produced a Ministerial directive letter in the meantime. The letter directs the team at the Overseas Investment Office to act with foreknowledge of pending legislation.
Property Council is very excited about the growth of Build to Rent in Aotearoa New Zealand, so we’ve partnered with our friends CBRE, Savills, Bayleys, JLL, and Colliers to produce a quarterly tracker of where Build to Rent is around the country.
Head to www.buildtorentnz.co.nz to check out the tracker and if you’re interested in a deeper dive, consider joining our Build to Rent taskforce by contacting Denise Lee.
Back in 2021 we surveyed our members, who told us that with the right government settings, we could build over 25,000 Build to Rent homes within 10 years. Now that some of these settings are finally coming to fruition, numbers in the tracker “pipeline” column may well switch over to the “under construction” column. Bring it on!
Author | Denise Lee
Bringing a fresh perspective and strong political nous, Denise is well-known as the former New Zealand Member of Parliament (MP) for the Maungakiekie electorate and a former Auckland Councillor for Maungakiekie-Tāmaki.
Denise holds a BA in Political Studies and History and a Master of Arts in Public Policy and Theology, with specific skills in engagement and a natural ability to build rapport with stakeholders. Personable and warm, Denise’s exceptional strategic planning, communication and management skills are highly valued by both the Property Council team and its members.
