HPA Investors. Capital, partnership and pipeline
Land, design, build and operations under one roof. A team that holds equity beside you. Tangible, land-backed assets in communities residents are proud to call home.
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Why HPA
HPA manages the full journey from land and design through construction, operations and long-term ownership. Fewer moving parts. Better alignment. We stay invested alongside you for the long term. Our interests are aligned from the outset.
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The land
Every village starts as bare land, and a view about what it could become.
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The opportunity
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New Zealand's ageing population is outrunning supply. JLL's 2025 review puts the country 11,284 retirement village homes short by 2033, and 23,241 short by 2048, with consents for new homes down about 30 per cent in a year.
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A stake in a partnership that owns and operates a real village in New Zealand. You can drive to it, walk it, and meet the people who live there. Note that investors hold partnership interests, not first-ranking security over the land.
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A tax loss position in the early years. Annuity returns through occupation. Capital uplift at exit. This is a 10+ year commitment, and we say so upfront.
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HPA retains equity in every village. We don't sell the build and walk. We stay involved through operations, renewals and the next stage.
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The proof
Years in business, since HPA was founded in 1997
Working days to build one villa, handed over without a defect list
Million+ in realised value at completion
Villas delivered or in delivery, and counting
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The model
For landowners, the land becomes your stake. No cash required upfront, ongoing involvement, and a return that reflects what you contribute.
Three to five aligned investors per village, with a clear lead investor and structured governance. Fewer is better. It keeps decisions clean.
Active income offsets during the early-stage development phase. Material to the right investor profile.
Ongoing returns through occupation under the Occupation Right Agreement, and capital uplift at exit reflecting the value created across the village lifecycle.
Structures, ticket sizes and return modelling are set out in the Information Memorandum, which we provide to investors who qualify as wholesale or eligible investors under the Financial Markets Conduct Act. Request the IM
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Pipeline
Cromwell, Central Otago
Built out at Cromwell, with the healthcare stage alongside it.
Clyde, Central Otago
153 villas on the Clutha. The village most investors visit first.
Amberley, North Canterbury
The largest village in delivery, at 244 dwellings.
To hear about future opportunities, get in touch
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Who we partner with
Self-made business owners and family offices looking for tangible, long-term assets and a partner they can sit down with.
Individuals and family offices from around the world. A stable jurisdiction, land-backed, and managed on your behalf.
Land in, equity out. Unlock what your land could become without a one-and-done sale, and stay involved in the outcome.
Capital with a real connection. Held within a limited partnership so the cap table stays clean.
Tier-one banks and property lending leads. We come to the table with structured projects, clean documentation and committed equity.
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Governance
A statutory supervisor with oversight of funding, security and distributions. Audited accounts, half-year reporting, and governance documented before a dollar moves.
Design, civils, construction, electrical and operations. All under one roof, all accountable to the same directors.
We invest alongside you in every village. Alignment is structural, not a promise.
Five directors, each holding a discipline of the work. Practical and present, not absentee.
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The team
Five directors. One team, bringing every village from bare land to better living. can you call it a great place to live, with no qualifying statement?
Chief Executive
Auckland
Twenty-four years at HPA, since April 2002. Started in electrical engineering on site, and still walks the land himself before any new village goes ahead.
Construction Operations
Amberley
New Zealand Army, then fifteen years in construction from apprentice carpenter to operations manager. He sets the programme and builds the teams that deliver against it.
Design Director
Auckland
Twenty years master planning HPA villages, after time spent in London and at some of New Zealand's leading practices.
Electrical Director
Clyde
Apprenticeship in Queenstown, then mine sites and gas plants in Australia, and now villages where he grew up.
Director
Tauranga
Twenty-three years, from Beetham Village in Gisborne onward, back when HPA only supplied the building crews.
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Questions and answers
Retirement village development is a 10+ year commitment. There are no returns in the early years and no first-ranking security over the properties. Our investors aren't chasing quick wins. They're looking for a tangible asset, patient capital, and capital uplift at exit.
It's a model that is often poorly explained. We walk every prospective resident and their family through fees, exit terms and the deferred management structure in plain English. The reason our residents are happy is that the model is clearly understood before they sign.
The whole job. Land, design, capital structuring, regulatory navigation, civils, construction, electrical, operations, sales, ongoing involvement and renewals. We hold equity throughout. We don't leave when the build does.
Three to five aligned investors per village with a clear lead investor, in a limited partnership structured for wholesale investment under the Financial Markets Conduct Act. A statutory supervisor oversees funding, security and distributions, accounts are audited, and investors are reported to twice a year. HPA directors sit on village boards and meet investors regularly.
We plan care infrastructure into village development from the outset where feasible. The pathway and the timeline are communicated upfront, so neither residents nor investors are surprised mid-occupation.
Ticket sizes, structures and modelling are set out in the Information Memorandum, which we provide to investors who qualify as wholesale or eligible investors under the FMCA. Land contribution is available for landholders who would rather commit land than cash.
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Information memorandum
The IM covers the project, capital structure, governance, projected returns, exit modelling and the wider HPA pipeline. Create an investor account and we’ll release it once we’ve confirmed your eligibility.
Joining is free. It gives you the pipeline brief, project updates and first sight of new opportunities.
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Next steps
Walk Aurum or Golden View with our directors, meet the residents, and ask the questions that matter to you.