Property and real estate

Bell Gully’s Property and Real Estate team is consistently at the forefront of the most significant property transactions in New Zealand.

  • Summary
  • Work highlights
  • People
  • Publications

​​​​​​​We understand that our clients have complex, diverse and often changing property needs. Our large team of experts offers multidisciplinary skills to provide strategic advice across all aspects of a transaction or project.

Recent high profile transactions include the sale of the Datacom office block for Fletcher Building, the sale of AMP Capital’s property portfolio and the lease and purchase of Australian retailer David Jones from Kirkcaldie & Stains in Wellington.

We act for developers, investors, end-users and central and local government authorities, advising on construction projects, developments, complex unit title arrangements,​ ​​acquisitions and disposals and leasing. We have one of the few specialist commercial leasing practices in New Zealand, which works with a diverse range of clients across all aspects of leasing to ensure that their leasing structures are set up to reflect particular asset requirements.

As a market leading team we have a reputation for providing practical, commercial advice that assists our clients to achieve their business and project objectives.

Our projects frequently draw on the experience and expertise of Bell Gully's specialists across these areas:

Recognition of our property and real estate expertise

Bell Gully "provides high levels of service, its responsiveness is consistently excellent and the firm has real depth and breadth of property law expertise coupled with sound commercial acumen"'.
The Legal 500 Asia Pacific 2019 - Tier 1

"We know that the Bell Gully team we are dealing with is aware of all current issues in the market, have acted on similar transactions and are therefore aware of industry practice."

...the team is "highly skilled, commercial, and results-orientated, they understand the client's needs and culture and apply that to transactions and problem solving."​
Chambers Asia Pacific 2019 - Tier 1

Tainui Group Holdings sale of The Base 
Advised Tainui on the sale of The Base including Te Awa, Hamilton's largest mall, which was constructed on a former air force base. Under the terms of the deal, Kiwi Property will buy a half stake in the 120-year ground lease over the land, for which rents are prepaid, while Tainui will retain freehold title.​ 

David Jones' first New Zealand store
Acted for the Australian retailer David Jones on the assignment of the lease and purchase of other business assets of the iconic Kirkcaldie department store premises in Wellington from Kirkcaldie & Stains. This high profile transaction is conditional on consent granted under the Overseas Investment Act 2005 and, once unconditional, David Jones intends to invest over NZ$20 million into a full upgrade and refurbishment of the premises. The new store will be David Jones' first store outside Australia.

Point Ridge development
​​Assisting Point Ridge Land Limited and McConnell Property with their ongoing staged unit title development known as “Point Ridge”. This has included advising on body corporate governance matters, numerous sale transactions, as well as titling aspects of the development.​

Easysteel premises Christchurch
Acted on the negotiation of the design, build and lease agreement for Fletcher Steel's (trading as Easysteel) new factory and warehouse premises in Christchurch. The project is being developed by Calder Stewart Development and once completed these premises will be Easysteel's main South Island premises on an 18 year initial lease term.

ANZ Centre development in Christchurch
Advising ANZ on their entry into the new ANZ Centre in central Christchurch. This transaction was a significant private sector development in the Christchurch CBD and is a key development in the Christchurch rebuild.

Auckland Transport land transport infrastructure
Advising Auckland Transport on the development and procurement of Auckland region land transport infrastructure, including the development of an integrated ticketing system and real time passenger information system.

Britomart Precinct redevelopment
Advising Cooper and Company, the developer of Auckland's Britomart Precinct. This highly complex development is the largest historic restoration project to be undertaken in New Zealand and involves both the restoration of existing historic buildings and the development of new buildings on Auckland's waterfront. We are advising on all aspects of this development, including development agreements, leasing, construction contracts and project finance. The Australis Nathan Buildings were awarded Best in Category for Heritage and Adaptive Reuses at the Property Council Awards 2017. The award recognised an 18-month-long restoration process. 

Vodafone's new South Island headquarters
Advising Vodafone New Zealand on its new headquarters in Christchurch's new Innovation Precinct. This was a unique model of development and involved negotiating direct deeds between the developer, developer's contractor and investor. The work included negotiating design and build agreements, leasing documents and reviewing construction contracts.

Christchurch Integrated Government Accommodation Project
Advised the New Zealand Government's Property Management Centre of Expertise on the Christchurch Integrated Government Accommodation Project. This project involves relocating 20 Government departments back into the Christchurch CBD, following the 2011 earthquakes. This has required the renegotiation of two development agreements and the preparation of associated documentation.

DEXUS Property Group's sale of the Lumley Centre
Acting for DEXUS Property Group in New Zealand's biggest commercial office transaction in recent years, selling Auckland's landmark Lumley Centre for NZ$146 million to Deka Immobilien, a German investment fund.

Purchase of 125 Queen Street, Auckland
Acted for Special Situation Assets as the purchaser in the acquisition of an iconic office building at 125 Queen Street, Auckland. The building structure involved some complex due diligence considerations, and additional advice was given around potential refurbishment options.

Goodman Group development of Fonterra's new head office
Acted for Goodman Group on the complex design and build office building project for Fonterra's new head office premises in Auckland, and on the subsequent sale of the building once completed.

Fletcher Building's sale of the Datacom office block
Advised Delcon, a subsidiary of Fletcher Building, on a conditional development agreement with Datacom to develop an office facility. The development is to be completed by Fletcher Construction and Datacom will lease five floors. The project is notable for the complexity of tenancy options and integrated fitout regime.

Fletcher Property's sale and lease back of Fletcher's headquarters
Acted on the sale and lease back of Fletcher Property's headquarters at 810 Great South Road, Penrose. This was an entirely bespoke arrangement involving the redevelopment of the site.

Fuji Xerox New Zealand premises in Auckland, Dunedin and Christchurch
Acting for Fuji Xerox New Zealand on its lease and redevelopment of a new warehouse and new office premises in Auckland. Both deals were significant transactions for Fuji Xerox New Zealand and the landlords. Our team also acted for Fuji Xerox New Zealand on the sale and leaseback of its Dunedin and Christchurch sites.

Tainui Group Holdings' proposed development
Providing strategic, consenting and property advice to Tainui Group Holdings on its proposed 300 ha inland port and commercial hub, serving Auckland, the Bay of Plenty and the Waikato. This project is a major and highly strategic commercial undertaking.

Auckland Council and Auckland Transport's agreement with Precinct Properties
Acting for both Auckland Council and Auckland Transport on their agreement with Precinct Properties, the owner of the Downtown shopping centre and adjacent office blocks. The negotiations related to the construction of the initial section of the City Rail Link tunnel, which will pass under Downtown shopping centre.

AMP Capital Property Portfolio sale of New Zealand property portfolio
Acted for AMP Capital Investors (New Zealand) and the underlying investors in AMP Capital Property Portfolio on the sale of its New Zealand property portfolio. The portfolio comprised 19 properties with a value of in excess of NZ$1 billion, which were sold to Public Sector Pension Investment Board, a Canadian institutional investor.

Host Hotels redevelopment of Novotel hotels
Advising Host Hotels & Resorts on the redevelopments of the Christchurch and Queenstown Novotels, and generally advising on its New Zealand hotel portfolio.

GIC Real Estate's investment in New Zealand
Advised GIC Real Estate, Singapore's sovereign wealth fund, in its partnership with Goodman Property Trust in Auckland's rapidly developing Viaduct Quarter. 

Kiwi Property's redevelopment at 44 The Terrace
Advising Kiwi Property on the significant redevelopment and leasing of 44 The Terrace, Wellington to a number of Government tenants.

Ngāi Tahu Property portfolio
Acted for Ngāi Tahu Property on significant property transactions throughout New Zealand. 

Stride Property acquisitions and developments
Acting for Stride Property on significant property transactions, including the purchase of a portfolio of Countdown supermarkets and the development of a retail centre at NorthWest, involving in excess of 80 leases. 

Sorry, we could not load the publications list.

  • Andrew Petersen

    Partner Auckland
  • Jane Holland

    Partner Auckland
  • David Chisnall

    Partner Wellington