David Butler

Partner

Property and Construction

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Profile

David has built a reputation over more than 20 years as a leading real estate and construction lawyer in New Zealand. He has a track record of advising on the most significant and complex real estate deals and development projects. David is regularly approached to assist new entrants to the New Zealand market and is highly experienced in managing the overseas investment approval process.
 
David's clients include both domestic and offshore REITs, superannuation and sovereign wealth funds, high net worth families and other real estate investors, developers and occupiers with interests across the real estate sector.

David is ranked as a leading New Zealand Real Estate lawyer by Chambers and Partners 2021 Asia Pacific guide and as a Leading Individual in Property and Construction in the Legal 500 2021 Asia Pacific guide. He was recently selected by his peers for inclusion in The Best Lawyers® in New Zealand 2021 in the field of Real Estate Law and has been recognised in the guide since 2014. He is also listed in the peer-nominated Doyles Guide 2020 as a Leading lawyer in Property & Real Estate.

"He is excellent and very experienced. He collaborates well with anybody and has a good work ethic." – client feedback, Chambers and Partners, Asia Pacific 2020 guide.

Experience

David's recent experience includes advising:

  • A sovereign wealth fund and Logos Property on the acquisition and development of a 17 hectare logistics estate in Auckland.
  • Private investors on the acquisition of the Todd Property Group assets – the largest real estate deal of 2019.
  • A property syndicate on the acquisition of Pastoral House, Wellington and Home Straight, Hamilton through a proportionate ownership scheme.
  • An Australian property investment management company on portfolio transactions valued at over NZD300m.
  • Visy on the acquisition, construction and then sale and leaseback of a new manufactory facility in Hamilton.
  • An Australian superannuation fund and Logos Property on the acquisition and development of a new industrial estate in Wiri, Auckland.
  • Listed property entities on the ongoing development of Wynyard Central, Auckland.
  • Genesis Energy on its Head office relocation.

More generally, David has advised:

  • Listed entities on the acquisitions and divestments of major shopping centres throughout New Zealand, including The Base Shopping Centre (Hamilton), Lynn Mall (Auckland), North City (Wellington).
  • Lend Lease on the acquisition and sale of the Dress-Smart portfolio and Meridian Mall.
  • A listed entity on the acquisition of a 50 hectare site for a future town centre development.
  • Institutional investors, developers and occupiers on the sale, leasing and construction of new office towers, including the ASB Bank HQ and Fonterra HQ, Auckland and Majestic Centre Wellington.
  • Local and overseas residential developers on the acquisition, subdivision and sale of green field sites, including negotiating development agreements with Auckland Council.
  • A student accommodation owner and operator on the acquisition and development of a $300m student accommodation portfolio.
  • Overseas and local parties on the acquisition and divestment of farmland and vineyards, including advising on the sale of Pinny Farms and acquisition of Wither Hills vineyards.

Credentials

LLB, BA University of Canterbury.

Professional

David joined Russell McVeagh as a graduate in 2000 before leaving in 2004 to join the Real Estate team at Clifford Chance in London.

He rejoined Russell McVeagh in early 2009 and became a partner in 2010.

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