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

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
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...

More Property

Leighs opts out of Scott Base build
Infrastructure

Leighs opts out of Scott Base build

The Antarctic contractor is focused on offices, healthcare and apartments.

Oliver Lewis 09 May 2025
Two housing projects snare first fast-track panels
Policy

Two housing projects snare first fast-track panels

Applications opened on Feb 7. Now we have our first panels.

Oliver Lewis 08 May 2025
NZ Super Fund, Russell, Lockwood want to sell $600m+ hotel portfolio
Property

NZ Super Fund, Russell, Lockwood want to sell $600m+ hotel portfolio

The Adina Apartment Hotel Auckland is one of seven properties for sale.

Staff reporters 07 May 2025
Property flipping 'pushing up prices': Valuer
Property

Property flipping 'pushing up prices': Valuer

Rapid trading, sometimes on the same day, is hurting low-income buyers, valuer says.

Maria Slade 07 May 2025