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2 July 2024

Helping building communities in the Waikato

In the Waikato we are supporting local developers, Jones Group, in creating a variety of residential properties to help meet the demand driven by Hamilton’s growing population, one of New Zealand’s fastest-growing cities.

Currently, FMT are financing three sites for Jones Group and their related entities:

  • Vesty Ave townhouses: Located near the University of Waikato, this project includes 18 Townhouses, 12 of which are completed, and 24 apartments that are set to begin construction in the next phase.
  • Akakura Subdivision, Peacocke: This proposed subdivision covers a 3.6 hectare parcel of land next to the Aurora Subdivision in Peacocke. It will be subdivided into 76 sections, which are being sold directly to construction companies for house & land packages.
  • Killarney Road Development: This project involves the acquisition and removal of seven existing homes to make way for a 33-townhouse development, all pre-sold to Kainga Ora.

Reghan and Tristan Jones, the directors of Jones Group, are experienced Waikato developers who have been in the industry for nearly twenty years. They have navigated multiple property cycles and they understand the importance of reliable partnerships.

Reghan says, “We have experienced multiple property cycles and observed funders changing their lending appetite across the market, abruptly withdrawing from New Zealand, pulling funding, and demanding immediate repayment from other developers prior to loan expiry dates. For us, the dependability of our funders is of utmost importance. We see financiers as project partners and key to the success of our projects. This is why we choose to align with FMT, given their reputation and proven track record in the industry.”

Lawrence Russo, who is one of our Business Development Managers in the Waikato, and their key contact at FMT said “They reiterated that we are important to them, we’ve built up a relationship now. They’re being approached by other funders with money and they’re sticking with us.”

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