The Government has launched Invest New Zealand, a new initiative aimed at making New Zealand a top destination for foreign direct investment (FDI). This agency will focus on attracting capital to critical infrastructure, fostering innovation, increasing R&D, and enhancing global connections. Incubated within New Zealand Trade and Enterprise (NZTE), it will transition into an autonomous agency to drive international investment and economic growth.
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Invest New Zealand: Unlocking Global Opportunities for Economic Growth
Unlocking investment in Build-To-Rent housing developments
In a strategic move to bolster the housing sector, the coalition Government has announced plans to introduce legislation aimed at streamlining the investment process for overseas investors in Build to Rent (BTR) developments in New Zealand. Housing and Associate Finance Minister Chris Bishop detailed the Cabinet’s decision to amend the Overseas Investment Act 2005, a key component of the Coalition government’s 100-day Plan, designed to foster the growth of BTR housing developments. This initiative represents a significant shift towards accommodating a relatively new, yet promising, rental housing model in New Zealand.
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