Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Announcement Of Multi-million Dollar Financial Partnership

On Friday 23rd April 2021, the Du Val Group confirmed banking support for the Build To Rent fund of 17.3 million dollars with one of the locally represented international banks following extensive discussions with a short list of providers.

The Du Val group’s vision has always been to create New Zealand’s preeminent institutional grade Build To Rent fund.

The fund will provide secure long term and sustainable rental income streams that ensures predictable returns for investors even through challenging economic periods. It is envisaged the fund will play a significant role both economically and with positive societal benefits in the community.

Their Mission is to bring to market a series of Build To Rent investment opportunities, which helps establish this emerging asset class in New

Zealand, meets people’s housing needs, and supports economic growth by enabling people greater choice, flexibility and convenience for them to respond to changing personal and family circumstances including moving to gain better accessibility and proximity to employment opportunities.

A New Zealand pioneer in this area, The Du Val group; New Zealand’s largest private suburban apartment developer (as reported by the CBRE in June 2020) currently has two developments in Mangere and Mangere Bridge, both of which are located near key arterial routes and to large employment areas in South Auckland. The complexes are already built, and have been operational for the last 4-5 years.

Du Val is actively seeking a cross-section of wholesale and eligible investors, who will be able to enter the BTR market for as little as $250,000.

CEO Kenyon Clarke describes the concept as a 'win-win for investors and renters,' which ensures predictable returns, even in difficult economic times.

The future of this exciting new asset class looks bright.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Foodstuffs: New World & Four Square Trial NZ’s First Grocery Delivery Offer With Uber Eats

New World & Four Square have partnered with Uber Eats to unlock the first grocery offering available on the platform in Aotearoa. For New World and Four Square it’s yet another way to put New Zealanders first, particularly with those inevitable last-minute grocery needs... More>>

Digitl: Download 2.0 – Vodafone Wi-Fi Calling hits early milestone
Vodafone says it has 10,000 customers using its Wi-Fi Calling service. It took less than three months to reach that milestone; the service began operating in September... More>>

Energy Resources Aotearoa: New Law On Decommissioning Could Be Costly Overkill
A new law on decommissioning oil and gas fields passed by Parliament today has good intentions but is overkill, according to Energy Resources Aotearoa. "We strongly support operators taking responsibility and paying the costs for decommissioning, which is what all good operators do," says chief executive John Carnegie... More>>



ABC Business Sales: Demand High For Covid-proof Businesses
Despite the continuing challenges facing businesses in this Covid environment, right now there are more buyers looking for a small-medium sized business than there are sellers in the market... More>>


PriceSpy: Producer Prices Increase
New Black Friday and Covid-19 Report* released by PriceSpy says people’s fear of stepping inside physical shops during big sales events like Black Friday has risen since last year; Kiwis are still planning to shop, but more than ever will do it online this year... More>>

NZ Skeptics Society: Announce Their 2021 Awards, And Dr Simon Thornley Wins The Bent Spoon

Every year the New Zealand Skeptics presents its awards to people and organisations who have impressed us or dismayed us, and this year it’s been hard to pick our winners because there have been so many choices!.. More>>



REINZ: Sales Volumes Leveling Out

Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 44 fewer lifestyle property sales (-2.6%) for the three months ended October 2021 than for the three months ended September 2021... More>>