Willis Bond & Co was formed in 1988 and has a proven track record of developing excellent projects and communities that stand the test of time.
The company’s success is founded on taking a disciplined approach to the investment process and establishing strong relationships with our development partners.
March: the Catalina Bay project successfully launches to the market. Comprising 1.8 hectares of north-facing waterfront land at the tip of Hobsonville Point, this project represents a true mixed-use precinct and will deliver unique retail, hospitality, commercial offerings in its first stage, followed by residential offerings later in the project.
March: the show home at Eight Lake Pupuke Drive opens to the public and all the Ground Floor retail spaces in Whitireia WelTec's Te Auaha campus building on the corner of Cuba and Dixon Streets in Wellington are fully leased.
August: Willis Bond & Co signs an agreement with the Hobsonville Land Company to acquire 1.8 hectares of land at the north-eastern end of Hobsonville Point. This will form the site of a mixed-use project called Catalina Bay, which will deliver a blend of retail, hospitality, commercial and residential offerings.
December: the vast majority of residences at both Sunderland, Hobsonville Point and Eight Lake Pupuke Drive, Takapuna are now sold. Sales at Wynyard Central and 132 Halsey reach almost 90% with construction of both developments on track to be completed in 2018.
January: the One Market Lane apartments in Wellington are completed and residents move into the building.
March: the first release of homes at Sunderland, Hobsonville Point, Auckland sell out.
May: Willis Bond signs a development agreement for a residential project on a 3,851 square metre site in Takapuna; this project will be known as Eight Lake Pupuke Drive.
June: Willis Bond wins the Supreme Award at the Property Council New Zealand Rider Levett Bucknall Property Industry Awards for Clyde Quay Wharf, in Wellington.
July: demolition at the Deka site on the corner of Cuba and Dixon Streets in Wellington begins.
October: over 50% of residences at Wynyard Central and 132 Halsey are sold (equating to $200 million in sales). Prime Minister John Key oversees the official ground-breaking ceremony on 15 October and construction starts.
February: Willis Bond acquires the Farmers site, adjacent to the previously purchased Deka site on Cuba Street in Wellington.
March: Willis Bond Capital Partners becomes fully invested.
April: a new fund, Willis Bond Capital Partners II, raises a further $100 million.
July: Willis Bond is appointed as residential developer for Wynyard Central, Auckland.
October: Willis Bond purchases 104 and 106 Cuba Street – the two properties adjacent to the Farmers site.
November: the Sunderland show home at Hobsonville Point, Auckland opens.
December: construction of Clyde Quay Wharf in Wellington is completed.
January: construction of One Market Lane in Wellington commences.
March: a Joint Venture is formed to acquire 4.5 hectares of land in Albany, Auckland for a mixed-use development, which will become known as The Hub.
October: Willis Bond Capital Partners acquires the rights to purchase and develop the Sunderland A block at Hobsonville Point, Auckland.
November: Willis Bond enters into a Heads of Agreement with Wellington Waterfront Limited to lease and develop Site 10, Wellington; this will become home to the new PwC Centre.
January: construction on the new development on the Wellington waterfront known as Clyde Quay Wharf commences, due for completion in late 2014.
March: the refurbishment of Xero House is completed and the building fully leased. It is sold in May for $17.7 million.
December: Willis Bond acquires the former Deka building – an iconic site on the corner of Cuba and Dixon Streets, Wellington. It will be developed into a mixed-use education and retail development – home to Whitireia WelTec’s new performing arts campus Te Auaha with retail units fronting onto Cuba Street.
February: Willis Bond acquires 215 Lambton Quay in Wellington (formerly ANZ Tower, now Grant Thornton House) for $25.1 million.
October: Willis Bond acquires 246 Puhinui Road in Auckland for $18.5 million.
Willis Bond acquires two key properties in Wellington – the John Chambers Building (now Xero House) and the adjoining vacant site on the corner of Taranaki and Cable Streets, now the location of the new One Market Lane apartment development.
Willis Bond establishes Willis Bond Capital Partners, a $128 million fund to capitalise on large-scale development and investment opportunities in the New Zealand commercial real estate market.
Willis Bond wins the Supreme Award at the Property Council New Zealand Rider Levett Bucknall Property Industry Awards for Chews Lane Precinct in Wellington.
A development agreement in respect of the Overseas Passenger Terminal is signed with Wellington Waterfront Limited (CCO) for a large-scale, predominantly residential mixed-use development to be known as Clyde Quay Wharf.
In 2004 Willis Bond acquires a number of buildings between Victoria and Willis Streets in Wellington from the City Council. These are subsequently developed to create the mixed-use Chews Lane Precinct with an end value of $175 million.
Willis Bond completes the refurbishment of Transpower House on The Terrace, Wellington.
2001 - 2004
Willis Bond acquires 5.1 hectares on Te Irirangi Drive and Te Rakau Drive in Botany Downs, Auckland. It then forms a joint venture with AMP to develop the land in a way that complements the town centre. A large format retail development known as The Hub is built on the site and proves highly successful, with the units later sold down in 2004.
Willis Bond acquires via an investment syndicate the former Queens Wharf Centre on Wellington’s waterfront. The two-level retail centre is converted into two large office floor plates in excess of 3,000 square metres per level. Retail tenancies are developed in areas with higher pedestrian flow and natural access to public space.
Willis Bond jointly with Morrison & Co establish Property For Industry, one of New Zealand’s best–regarded listed property companies. The management contract of Property For Industry is later sold to AMP in 1999.
New Zealand’s first private equity fund manager, Pencarrow Funds Management, is established by Willis Bond and Morrison & Co.
The company carries out its first property developments: the redevelopment of Molly Malones in Wellington, and the redevelopment of a Paraparaumu hotel site. Both properties were acquired from Lion Nathan. Molly Malones went on to become an iconic Wellington establishment.