Takapuna destined to become home to the North Shore's first major build-to-rent development

April 28, 2023: News

A new rental experience, designed by Warren and Mahoney, is set to provide security of tenure and a level of amenity presently unrivalled for rental accommodation. The development will enable approximately 350 new rental apartments that will stimulate additional economic activity in the Takapuna town centre.

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Build-to-rent, widely embraced overseas and an emerging concept in New Zealand, offers Kiwis the option of secure, long-term rental accommodation with a range of amenities of the type normally seen in top-quality hotels. Owned by investors, not landlords, and professionally managed, build-to-rent living appeals to a wide range of tenants, from first­ time renters to those looking for an alternative to retirement village living.

As well as creating new public space that reinforces the heart of Takapuna and improves connections with the beach and other key public spaces, Eke Panuku is looking to make better use of under-utilised council-owned land to deliver not just development, but a multitude of outcomes that contribute positively to Takapuna's evolving landscape.

Warren and Mahoney Project Principal Mat Brown, says the practice is delighted to see continued progress in the urban regeneration of Auckland, and progression in the Build-to-Rent market.

“With an increasingly mobile population, the residential market is adapting to accentuate a sense of place. This exciting new Homestar 6 Build-to-Rent project responds to its beachside location, attracting and fostering a community of active residents.

“We congratulate Eke Panuku, Cedar Pacific and McConnell Properties on the development of this project. It will play a significant role in revitalising Takapuna and we’re very proud to be part of the team.”

North Shore Councillor Chris Darby also welcomes today's announcement.

"The arrival of build-to-rent apartments, supported by professional management, is a step­ change in the availability of affordable and secure living solutions.

“Building 350 new apartments enables a big lift in the number of people who call Takapuna centre their home, complementing the thousands who already call it their workplace or a great place to visit. This quality development is another step in making Takapuna even more vital and attractive."

"It is fantastic to see Eke Panuku secure such a great development which will bring many new residents to Takapuna with options to rent with certainty. The design, retail, and hospitality components will bring positive outcomes for locals and visitors as well,” adds Richard Hills, North Shore Councillor, and Chair of Auckland Council's Planning, Environment and Parks Committee.

Takapuna destined to become home to the North Shore's first major build-to-rent development