Willis Bond puts $400m on the table for 'value add' assets

The Tauranga City Council's new administration offices are being built using the mass timber construction method. (Image: Willis Bond)

Brent Melville

Tue, 15 Nov 2022

Commercial and residential developer and syndicator Willis Bond says it has raised $173 million under its fourth development fund, with headroom for up to $400m of future development property assets.The Wellington-based firm raised $800m over the past 10 years, including its first three funds and then the $250m Property Investment Fund, which was launched in 2020.Those funds had invested in 26 developments, which come with an estimated valuation of $2.3 billion. Its projects are mainly large-scale, waterfront and urban mixed-use devel...

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