Tom Muir Drive - Pyes Pa, Bay of Plenty
Close to Tauranga CBD, this medium-density project will foster a stand-alone community with its shared common areas.
Featuring approximately 50 townhouses and homes, Tom Muir Drive is walking distance to the local Gate Pa shopping precinct, tennis club and schools, and adjoins the scenic reserve.
Working in partnership with Abron Group, there are still several homes under construction, and the townhouses are in the planning phase. It will include a build-to-rent fund managed by Lighthouse Group, which will retain a portion of homes to be rented to Tauranga locals and provide more housing options.
From an investment perspective, the objective is to create a long-term, passive income stream to compliment typical development returns.
Size
50 medium-density town houses and homes
Start Date
2018
Estimated completion
2025