Singapore fund manager enters NZ market with $55m Wynyard Quarter purchase
Wednesday, 17 December 2025
A Singaporean fund manager, RP Financial, has announced its arrival on Auckland’s commercial property scene by snapping up a well-known Wynyard Quarter property for NZ$55 million.
Infrastructure company Infratil’s mixed-use property at 100 Halsey St is a 1.7‐hectare leasehold site in the precinct’s innovation hub that has been on the market since 2022.
The 154‐room Travelodge Hotel, the 385-space Wynyard Carpark, a Countdown Metro supermarket, and the NZ Bus depot sit on the site, and there is space for further development.
Infratil originally planned to build six buildings on the site, and the property comes with resource consents for up to 88,000 sqm of future commercial mixed‐use gross floor area.
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While NZX-listed Infratil noted it had sold its “Auckland property asset”, which it described as a legacy of its past bus company investment, in its half year results recently, the buyer has just been made public.
RP Financial is a Singapore‐headquartered fund manager with interests in private equity, credit, and commercial real estate, and a strong presence in Australia.
It has a portfolio valued at S$29 billion (NZ$39b), and its companies include Money Quest Group, Eastwood Securities, Northland Group, and The Bridge Hotel.
Jones Lang LaSalle managing director Todd Lauchlan said the sale of 100 Halsey St, which was negotiated by his company, was RP Financial’s first investment in the New Zealand market.
But the company had signalled it was interested in investing further in New Zealand, particularly Auckland, and believed it was a good time to do so, he said.
“They plan to leverage the existing consents at the Wynyard Quarter site and develop it over time, possibly with a focus on premium office space.
“I understand the company is looking to develop its own brand in New Zealand, and is keen to build up a business here. Their commitment is a strong endorsement of Auckland’s ongoing growth story.”
Luke Kinney, who is leading RP Financial’s business in New Zealand, said the property offered income diversification and potential for future growth within the Wynyard precinct.
“Our plans align with the vision for Wynyard Quarter as a technology‐driven, high‐growth development hub, and we see substantial opportunity ahead.”
The company was committed to bringing further international capital into the New Zealand market as it progressively expanded its investments, he said.
While the sale was one of the bigger sales in the Auckland CBD market this year, it was not the biggest of the year, Lachlan said.
Precinct Properties sold the 139-room InterContinental Hotel at One Queen Street to Singapore-based Hotel Properties Limited for NZ$180m in March.
The 225-room Hotel Indigo on Albert St was picked up by Malaysian infrastructure and investment giant YTL Corp for NZ$160m in September.
And Quattro Group bought four connected buildings, including the city’s former Finance Centre, on the Victoria St West block beside the street’s intersection with Albert St, for NZ$104m in July.