Waikato Business News News | February 7, 2024
- No tags were found...
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
20 FEBRUARY <strong>2024</strong><br />
This expansion recognises<br />
our communities need for<br />
quality affordable housing<br />
delivered at scale, and<br />
Fosters desire to contribute<br />
to this need.<br />
Fosters CEO Nigel Sun with GM Foster Residential Douw van der Merwe, who is a great fit for the<br />
Foster team, adding in-depth knowledge of the industry, and the supply chain and is a good fit for<br />
delivering ‘the Fosters way’.<br />
Nigel Sun, Fosters CEO<br />
Photo Credit: <strong>Waikato</strong> Times<br />
FOSTERS GOES RESIDENTIAL!<br />
April 1, <strong>2024</strong> will see the launch of Foster Residential Limited. Adding<br />
to Fosters’ core offering of develop, construction, engineering and<br />
maintain, the new residential arm is both an opportunity to expand<br />
the business and do more for the community.<br />
Fosters CEO Nigel Sun says this development is significant to the Fosters<br />
business, but well aligned with the Fosters purpose of ‘great communities<br />
through strong foundations’.<br />
“This expansion recognises our communities need for quality affordable<br />
housing delivered at scale, and Fosters desire to contribute to this need”<br />
he said.<br />
“We have several quality residential building companies in the <strong>Waikato</strong>,<br />
and many are doing it tough in the current market.<br />
“Leveraging our size and strengths, Fosters’ focus is on delivering<br />
residential projects at scale. That being a minimum of 10 houses in one<br />
location and concentrating on social, tribal, community and affordable<br />
housing.<br />
“We aim to add to the residential construction markets capacity to deliver<br />
the number of houses needed to address the current housing deficit and<br />
support the growing population in the coming years.”<br />
Foster Residential will focus on B2B partners, recognising the needs<br />
of organisations like Kainga Ora, Iwi, Community Housing Providers,<br />
retirement village operators and similar commercial residential developers.<br />
As members of the New Zealand Construction Alliance, Fosters have<br />
already secured their first residential project – 10 new units for Kainga<br />
Ora on Hukanui Road. Several other housing projects of scale are in the<br />
pipeline.<br />
To find out more about Foster Residential, call Douw on 027 250 0104.
Change language