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

Vector faces fresh complaint on unfair contract terms
Property

Vector faces fresh complaint on unfair contract terms

Vector faces more scrutiny over contract terms after Commerce Commission advice.

Vector ‘on notice’ for unfair contract terms; complainant now facing higher costs
Property

Vector ‘on notice’ for unfair contract terms; complainant now facing higher costs

A developer’s Fair Trading win against Vector feels like a loss.

Garth Bray 01 Jul 2025
Investore buys New Lynn Bunnings site for $43 million
Property

Investore buys New Lynn Bunnings site for $43 million

Investore Property has struck a deal to acquire the Bunnings complex in New Lynn, Auckland.The company told the market on Friday it had entered an unconditional agreement to acquire the property for $43 million.The 2.2-hectare site at 2–12 Titirangi Rd features an 11,000sq m buil...

Staff reporters 27 Jun 2025