Lane Neave has advised the Christ Church Cathedral Reinstatement Trust (Reinstatement Trust) on the establishment of a joint venture with Church Property Trustees (CPT) and Christ Church Cathedral Reinstatement Limited (Company).
Structured as an equal joint venture, the Company has been created by CPT and the Reinstatement Trust as a special purpose vehicle in order to undertake the delivery and completion of the Christ Church Cathedral reinstatement project. The Joint Venture also sets out the management and ownership of the Company, and their rights and obligations as Shareholders.
The Christ Church Cathedral, which has been one of the most recognisable landmarks in Christchurch since 1864 and a Category 1 Historic Place, was severely damaged during the Canterbury earthquakes. The joint venture will help both parties fulfil their wish to reinstate the Cathedral.
Partner Gerard Dale led the Lane Neave team, also including Paula Nicolaou (Partner) and Peter Orpin (Special Counsel), who provided strategic advice and support to the Reinstatement Trust on the joint venture arrangements and reinstatement of the Cathedral.
Commenting on the joint venture structure, Gerard Dale said that because the Cathedral is such a unique project, his team was required to think well outside the square to help achieve an excellent outcome for the Reinstatement Trust and the other parties.
“It is very satisfying to be able to work closely with the Board of the Reinstatement Trust to successfully create the joint venture,” said Dale.
“The team at Lane Neave is also very proud to be contributing to such a nationally significant project that will help reshape the city of Christchurch and is set to have a positive impact for many generations to come”.
About Lane Neave
Founded in the 1868, Lane Neave is one of the largest and most highly regarded law firms in New Zealand. Lane Neave specialises in specific areas of the law, and many lawyers have become recognised experts in their chosen fields. All practice areas adopt a team approach and draw on the relevant expertise across the firm to provide well considered and sound advice to our clients. The firm has a true national presence with 24 Partners as part of our 150 total head count located across our offices in Auckland, Wellington, Christchurch and Queenstown.
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