Hogan Lovells advises The Crown Estate on its agreement with the New Zealand Government to refurbish New Zealand House
London, 07 August 2019 – Hogan Lovells real estate specialists were appointed by The Crown Estate to work on its agreement with the New Zealand Government (NZG), the existing long leaseholder, to carry out a comprehensive refurbishment of New Zealand House.
The Grade-II listed building is situated in a prime location at the southern end of Haymarket. Designed by Robert Matthew, Johnson Marshall & Partners, New Zealand House is an iconic building and gained listed status in 1995.
The Hogan Lovells team, led by partner Dion Panambalana, devised and managed the process that lead to an exchange unusually early in the design stage which meant solutions needed to be found for complex issues like heritage protection and construction procurement. Both teams worked hard to manage the 12 hour time difference for instructions, all the time respecting the fascinating history of the building and the ownership interests of both parties.
Commenting, Dion Panambalana said:
"It was undoubtedly a deal where the mutual respect of the parties and the good natured negotiations style made it happen in circumstances where, absent those factors, it could easily never have reached a signed contract."