News
Bell Gully advises on Fletcher Building's capital raising
Bell Gully has advised Fletcher Building Finance on its capital notes offer, which raised $131.3 million, and on the company's sale of its Auckland headquarters.
Partners Brynn Gilbertson and Murray King led the team advising Fletcher Building Finance on its issue of capital notes, which meant Fletcher Building had substantially met its refinancing requirements for the current year.
Fletcher Building's sale of its Penrose property, which includes an eight-storey building and vacant land, was spearheaded by property partner Jane Holland. It was bought by Bay of Plenty property development company Carrus Corporation.
Fletcher Building has signed a long term lease and will continue to operate from the Penrose site.
