PHOTO: MARION VAN DIJK/STUFF The biggest development of 178 apartments built just for renting is being planned for Tamaki in Auckland.
The biggest “build-to-rent” apartment development, slated for Tamaki in east Auckland, is shaping up as New Zealand looks at ways to tackle its housing shortage.
New Ground Capital is planning a five-storey building of about 178 one and two-bedroom apartments which will be available on three to seven-year leases.
It is pioneering this new model in New Zealand where apartments and houses are built for long-term rental rather than for sale.
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