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Simplicity offers wholesale investors a way into build-to-rent
['Maria Slade']
BusinessDesk | NZ breaking news and commentary on business, NZX and politics
Simplicity’s new Reiputa build-to-rent village in Mt Wellington.
(Image: Simplicity)KiwiSaver provider Simplicity has launched a wholesale fund to raise investment in its residential build-to-rent projects.Simplicity Living, currently owned by funds in the Simplicity KiwiSaver scheme, has nine residential build-to-rent (BTR) projects either completed or in various stages of development.In May it opened the 297-unit Reiputa village in Auckland’s Mt Wellington, which is 80% let and expected to be fully occupied by October.The Simplicity Living Wholesale Fund is in response to requests from investors wanting to take part in...