New Zealand: Cavell Leitch assists Spanbild NZ and Mike Greer Homes with a joint venture likely to revolutionise New Zealand's housing market
Last Updated: 23 August 2014

Cavell Leitch has assisted two of New Zealand's largest building companies, Spanbild NZ Ltd and Mike Greer Homes, with a 50:50 joint venture which is looking to revolutionise the New Zealand housing market.

The two companies have joined forces to form NZ Panelised Buildings trading as Concision Panelised Technology, New Zealand's first major panelised building company, at an investment of $14 million.

Concision will be able to manufacture up to 1000 homes per year using panelised technology within their new 5000m2 Christchurch factory which is expected to be operational in December 2014.

Tim Blake, Spanbild's General Manager Business Development, said "this is a relatively new approach for the New Zealand construction sector and this joint venture will accelerate the New Zealand offering of high quality, factory precision buildings."

Concision will use German technology to produce wholly constructed walls, floors and roof panels with insulation, cabling and plastering included. The plant and equipment, imported from German company Weinmann, is extremely accurate and will allow the factory to produce simple two-bedroom homes through to architecturally designed commercial buildings.

Blake explained how Concision are seeking to alleviate some of the pressure New Zealand's housing market is experiencing with prices being at an all time high in areas like Auckland and Christchurch.

"Affordable housing is difficult to obtain in today's market for the average New Zealander. Concision is seeking to address this by providing high quality, attainable homes to the market in shorter timeframes with enhanced heath and safety measures and a focus on waste minimisation via our established lean manufacturing processes."

Blake said by eliminating the inevitable time wasted on build sites, building in the factory will reduce build time by approximately 50% and will bring an average residential build time down from 22 weeks to 10 weeks. This makes the venture not only about more affordable housing, but about the speed in which more homes can be built.

John McConchie, Spanbilds General Manager Commercial, commented that "Cavell Leitch were selected to assist with the joint venture because of their legal expertise in this area. They took care of the best interests of both Spanbild and Mike Greer Homes and the documents provided to us were succinct, uncomplicated and absolutely on brief."

McConchie explained that working with Cavell Leitch was a "great experience with a very fast turnaround". He also noted that Michael Dickie, Cavell Leitch's Business Partner, "just got it" and "we were certainly impressed with the quality of his work".

Concision's management team is excited about the potential of this new venture and are keen on continuing to engage Cavell Leitch's expertise as further developments relating to this venture are made.

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