What Ockham Residential does

Ockham Residential is an Auckland-based, vertically integrated residential apartment developer founded in 2009 by Mark Todd and Benjamin Preston. The company develops, designs and constructs medium-density apartment buildings in Auckland through its in-house construction arm Ockham Construction, giving it end-to-end control from concept through completion. Since founding, Ockham has delivered 21 developments comprising 1,254+ apartments across Auckland neighbourhoods including Kingsland, Grey Lynn, Mt Eden, Newmarket, Avondale, Waterview, Morningside, Ponsonby, Onehunga, Pt Chevalier and Freemans Bay.

The portfolio spans completed projects, currently selling stock and active builds, with notable assets including Daisy (NZ's first 10 Homestar-rated apartment building), The Greenhouse (93 apartments in Ponsonby clad in 150,000 Italian handmade glazed bricks from Sant'Anselmo), Manaaki (210 apartments in Onehunga) and The Kubrick (52 apartments in Freemans Bay under construction). Signature technical features include custom glazed brick cladding, brick and concrete construction for durability and low maintenance, and — at Daisy — a photovoltaic solar farm, Zehnder heat recovery ventilation and rainwater harvesting.

Revenue is generated primarily through one-time apartment sales to end consumers — first-home buyers (including KiwiBuild-eligible households), downsizers, young professionals and families — distributed via dedicated sales suites at each project and through Colliers International as channel partner. A smaller build-to-rent revenue stream exists via Modal in Mt Albert. A long-term Marutūāhu iwi partnership has produced four joint ventures and underpins the $2.5bn, 10–15 year Maungārongo new suburb development in Pt Chevalier. Will Deihl became CEO in June 2023, having joined Ockham in 2018 to build out Ockham Construction.

Name

Ockham Residential

Legal name

Ockham Residential Realty Limited

Website

https://ockham.co.nz

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Ockham Residential is an Auckland-based, vertically integrated apartment developer founded in 2009, delivering medium-density apartment buildings to first-home buyers, downsizers, young professionals and families through in-house design and construction (Ockham Construction) across 21+ completed developments.

Ownership category

akta.pro rank

Product category

Apartment Development

NAICS

New Housing For-Sale Builders (236117)

SIC

Operative Builders (1531), General Bldg Contractors - Residential Bldgs (1520), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

Keywords

• Residential property development
• Apartment construction
• Urban regeneration
• Medium-density housing
• Build-to-rent housing

Headquarters

HQ city

Auckland

HQ country

New Zealand

HQ region

Oceania

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Apartment Sales: Primary revenue from selling apartments in completed developments. 1254+ apartments completed across 21 developments. One-time purchase transactions.
2. Build-to-Rent: Some developments like Modal are built as permanent rentals offering long-term leases, providing recurring rental income.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Ockham Residential designs, develops, builds and sells medium-density residential apartment buildings across Auckland, New Zealand. Through its vertically integrated Ockham Construction division, the company manages architecture, consents, project management and construction in-house. Core products are individual apartment units sold to owner-occupiers (first-home buyers, downsizers, young professionals, families) and a small portfolio of build-to-rent developments operated with rental partners. Completed portfolio spans 21 developments and over 1,254 apartments since 2009.

Product overview

Ockham Residential is an Auckland-based apartment developer offering a portfolio of residential developments across Auckland, New Zealand. The company operates both completed developments (now selling final units) and active projects under construction. Current offerings include The Kubrick (52 apartments, Freemans Bay), Toi (65 apartments, Pt Chevalier), The Greenhouse (93 apartments, Ponsonby), Station M (14 apartments, Meadowbank), and Manaaki (210 apartments, Onehunga). The company's vertically integrated model includes Ockham Construction for in-house building delivery, along with comprehensive buyer support services. Ockham has completed 21 developments totaling over 1,254 apartments since 2009, with notable projects including the 10 Homestar-rated Daisy, the flagship The Greenhouse with Italian handmade bricks, and ongoing Marutūāhu iwi partnerships for community-focused developments.

Differentiator

Problem solved

Functional benefit

Products and services

• The Kubrick A 52-apartment, nine-level apartment development in Freemans Bay featuring two-, three-, and four-bedroom configurations, pastel Italian brick cladding, and over 600sqm of common facilities including a residents' lounge, outdoor pool, gym with sauna and ice bath, and EV charging. Targeted at premium urban professionals and families.
• Toi A 65-apartment seven-storey development in Point Chevalier, clad in harakeke-green bricks, offering studios, one-, two-, and three-bedroom options with a residents' lounge and views of the Waitematā Harbour. First building of the Maungārongo new-suburb masterplan.
• The Greenhouse Flagship 93-apartment development in Ponsonby featuring 150,000 iridescent green-glazed handmade bricks from Sant'Anselmo in Italy, premium finishes including slate floors, brass fixtures, walnut cabinetry, and European oak flooring.
• Station M A boutique collection of 14 residences in Meadowbank, a five-storey building of earth brick and decorative precast concrete featuring protected north/west waterway views, an outdoor pool with deck, and a residents' lounge with kitchenette. Construction commenced Q3 2025, completion expected Q1 2027.
• Manaaki A 210-apartment development in Onehunga, the fourth joint venture with Marutūāhū iwi, featuring pastel-coloured bricks in blues, greens and pinks, a pool, subtropical gardens, a residents' lounge and four work-from-home offices. Includes KiwiBuild homes for first-home buyers.
• Whetū A 77-apartment, 10-level building in Point Chevalier with ground-floor retail space. Completed 2025 and the second Maungārongo new-suburb building.
• Kōanga A 37-apartment development in Waterview, completed 2025.
• Aroha A 117-apartment development in Avondale, completed 2023 and the fastest-selling Ockham development at the time. Marutūāhū-Ockham partnership.
• Kōkihi A 95-apartment development in Waterview with tukutuku-inspired brickwork patterns referencing Hotunui wharenui. Includes 47 KiwiBuild homes. Completed 2021. Sold out fastest in Ockham history; construction completed ahead of schedule.
• Modal A 32-apartment build-to-rent development in Mt Albert with curved brickwork inspired by musical modes and contextual sensitivity to surrounding bungalows. Received an Honourable Mention at the Here Awards. Completed 2020.
• Daisy A 33-apartment building on Dominion Road featuring a photovoltaic solar farm, Zehnder heat recovery ventilation systems and rainwater harvesting. First apartment building in New Zealand to achieve a 10 Homestar rating. Completed 2018.
• Ockham Construction Ockham's vertically integrated construction arm handling project management, consents, and building delivery in-house. Has completed 930+ apartments across 21 developments.
• Ockham Residential Buyer Guides Educational resources for apartment buyers, including first-home buyer guides, body corporate information, buyers' tips and disputes resolution procedures. Provided as ancillary support to apartment buyers.

Quantifiable outcome

• First apartment building in NZ to achieve 10 Homestar rating
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eleven partnerships are on record, tiered minor, core and flagship.

• Ockham CollectiveminorOthers · 1 January 2019Annual residency programme running from 2019 to 2025, providing space and support for education and creativity initiatives in Auckland.
• ObjectspaceminorGTM or Marketing Partner · 1 January 2017Lead partner of Ponsonby public gallery devoted to craft, arts and architecture. Also sponsors a lecture series at the gallery.
• Ockham New Zealand Book AwardscoreGTM or Marketing Partner · 1 January 2016Principal sponsor since 2016. Sponsorship of New Zealand's premier literary awards including the $65,000 Jann Medlicott Acorn Prize for Fiction. Renewed for additional 5 years in 2023.
• Marutūāhu IwiflagshipStrategic or Co-development PartnerLong-term strategic partnership for urban regeneration. Four completed joint ventures: Tuatahi (119 apts, Mt Albert), Kōkihi (95 apts, Waterview), Aroha (117 apts, Avondale), Manaaki (210 apts, Onehunga). Current projects: Maungārongo ($2.5bn, 3000+ homes over 10-15 years). Includes cultural design elements by Māori artists, tukutuku patterns, pou, and waharoa.
• Auckland City FCminorGTM or Marketing PartnerProud sponsor of Auckland City FC, an outstanding amateur football side based in Sandringham. Represents Oceania at FIFA Club World Cup.
• NZ Geographic Photographer of the YearminorGTM or Marketing PartnerSponsors the Ockham People's Choice Award at the annual New Zealand Geographic Photographer of the Year competition.
• Sant'Anselmo (Italy)minorOthersItalian brick manufacturer supplying specialty glazed bricks. De Checchi family in Loreggia, Northern Italy has been firing bricks for five generations. Supplies iridescent green-glazed bricks for The Greenhouse (150,000 bricks) and pastel bricks for The Kubrick.
• BWB Texts seriesminorGTM or Marketing PartnerSupports BWB Texts, little volumes by some of New Zealand's boldest and brightest thinkers.
• One Tree Hill College 1st XVminorGTM or Marketing PartnerSupports the One Tree Hill College 1st XV rugby team.
• Resident PropertiesminorStrategic or Co-development PartnerBuild-to-rent operator that purchased Star Newton (The Nix) development. Ockham delivered the project; Resident Properties operates it as rental housing.
• Colliers InternationalcoreChannel Partner/ Reseller/ DistributorReal estate agency handling sales for all current Ockham developments. Dedicated agents for each project: Karishma Singh (Kubrick/Greenhouse), Duncan Macdonald (Station M), Joanne Speir (Manaaki), Kalala Bowden (Toi).

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Compass Homes: Auckland residential builder delivering medium-density townhouse and apartment product. Comparable customer profile (first-home buyers, downsizers) and price points in the Auckland metro area.
• Classic Builders: Auckland-based residential builder-developer delivering townhouses and medium-density housing across the metro area. Competes with Ockham for the same Auckland owner-occupier and first-home buyer segments, although with less design differentiation.
• Mike Greer Homes: Significant Auckland-focused residential group homebuilder with townhouse and medium-density product. Competes for the same first-home-buyer and KiwiBuild-eligible customer segments that anchor Manaaki and Kōkihi.
• Universal Homes: Auckland-headquartered residential builder-developer active across apartments, townhouses and standalone homes. Competes in the same Auckland medium-density market and overlapping KiwiBuild/affordable customer base.
• Signature Homes: Long-established NZ residential franchise builder with strong Auckland presence and growing townhouse/apartment exposure. Similar KiwiBuild partnerships and target buyer profile as Ockham's primary segments.
• Sentinel Homes: Privately held NZ group homebuilder with Auckland apartment and townhouse product. Competes for first-home and downsizer segments and participates in KiwiBuild programmes similar to Ockham.
• Willis Bond Partners: Wellington-based boutique developer with a similar design-led, quality-focused apartment and mixed-use model across New Zealand. Comparable customer base (downsizers, professionals), comparable unit counts per project, and similar premium-pricing strategy make it the closest direct peer to Ockham.

Broad incumbents

• Mirvac: ASX-listed integrated property developer with a residential apartment pipeline across Australia. Comparable vertically-integrated development model, design-led positioning and apartment pricing dynamics, although at much larger scale and Australian geographies.
• Fletcher Living: Residential arm of NZX-listed Fletcher Building and the largest new-home builder in New Zealand, offering subdivisions and homes nationally. Overlaps with Ockham on medium-density KiwiBuild-style housing but at materially larger scale and lower price point.
• Lendlease: Global integrated property developer with NZ apartment and master-planned community exposure (e.g. Auckland projects). Operates at much larger scale than Ockham and is not design-specialist, but overlaps on multi-family residential and master-planning.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/ockhamresidential

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ockham Residential