Source: New Zealand Super Fund
Kirsty Mactaggart has been appointed to the Board of the Guardians of New Zealand Superannuation, serving a five year term beginning in April 2021.
Ms Mactaggart brings extensive global capital markets experience, with a particular focus on corporate governance. She was Head of Equity Capital Markets for Asia Pacific with fund manager Fidelity from 2005 until 2018, and before that spent eleven years as Managing Director at investment bank Citigroup in both Europe and Asia.
Guardiansâ Chair Catherine Savage welcomes the appointment saying, âKirsty is a well-respected industry leader with a unique global perspective developed over her varied career. Her appointment comes at a challenging time in financial markets and we look forward to receiving the benefit of her expertise.â
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Worse, renters have no security of tenure because these landlords may eventually need to either sell the property or move back into it. “The key thing that really marks out these build to rent developments is that treatment of the tenant as the customer.”
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Build to Rent developments like ‘Rehearsal Rooms’ have improved amenities to encourage renters to live there for longer. Property Investors Federation executive officer Sharon Cullwick doesn’t deny many landlords right now are relying on capital gains rather than the amount they take in regularly from rents. “How come there are no corporates in the industry? There’s no money in it . you’re not getting the return that you used to get.
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