Ngāi Tahu Property, the NZ Super Fund and New Ground Capital teamed up in 2015 to create Kerepeti – an exciting community of 208 new homes in Hobsonville Point, north-west Auckland.
These terrace houses and apartments are being built in two neighbourhoods - Uku and Kerewhenua, respectively named for the blue and yellow clay in the area.
Both neighbourhoods are in prime locations within Hobsonville Point, with schools, the Catalina Bay waterfront commercial, retail and hospitality hub and the Te Ara Manawa coastal walkway all within easy reach.
Ready-to-occupy homes are now selling in both neighbourhoods. Long-term rental options are also now available through New Ground Living.
The New Zealand Superannuation Fund is a Government savings vehicle established to partly pre-fund the cost of superannuation, reducing the burden of the cost on future generations of New Zealanders. The Fund, created in 2001, is now one of the country’s largest institutional investors.
Its New Zealand Investment Portfolio includes more than $1 billion in the local share market, along with large direct investments in Kaingaroa Timberlands, Kiwibank, Datacom and rural farmland.
Through external investment managers the Fund has also invested in small, privately-owned companies, property developments and social infrastructure.
New Ground Capital’s mission is to identify areas of untapped capital demand and investment appetite and develop new solutions that fulfil those opportunities. They create smart opportunities to generate effective returns while genuinely making a difference in New Zealand.
One of these opportunities is the Kerepeti development, which was initiated by New Ground Capital and in which they are a member of the investment consortium. New Ground will also be the ongoing manager of the rental portfolio through New Ground Living.
Context Architects - a multi-disciplinary practice operating nationally from Auckland and Christchurch - created the Uku and Kerewhenua masterplans. Their award-winning team is passionate about designing places that people love. Architects, urban designers, master planners, residential and commercial specialists, heritage and sustainability experts: They all work together to create great buildings.
Classic Builders is the consortium’s building partner for the terrace houses and walk-ups at Kerewhenua. They are one of New Zealand’s largest residential builders - completing some 700 homes a year. With experience in large-scale projects, Classic Builders have earned an unrivalled reputation for retirement homes, gated communities and social housing - bringing style, scale and uncompromising quality to their work.
Jalcon is the building partner for terraced houses and walk-ups at Uku. They are also Auckland’s most awarded building company and pride themselves on bringing their own family values of integrity and honesty to every project. With eight family members working for the company, Jalcon believe in the human touch and putting their names to every home.
Haydn & Rollett - one of Auckland’s oldest building companies - is the building partner for the apartments at Uku. With 70 years’ experience, they have been behind some iconic Auckland landmarks - including Leo O’Malley’s Menswear shop on Karangahape Road, the Sheraton Hotel and more recently the Kauri Cliffs Golf resort in KeriKeri. Their developments are known for innovative thinking and inspired design with exceptional construction and finishing.
Naylor Love Construction is the building partner for apartments in Kerewhenua. They are a top-performing construction management company and have provided services to a wide range of market sectors in New Zealand for more than 100 years. They constantly benchmark their performance against both New Zealand and international industry standards, setting ambitious targets and using the lessons learned to drive continuous improvement.