Project Description

C10

Our team has managed numerous property and construction assignments. We have also conducted numerous advisory projects in this sector.  Due to the confidential nature of this work, our role is generally only known about by these companies’ directors and lenders.

Wide network of contacts nationally

We have a very broad range of industry contacts throughout New Zealand, including:-

  • Valuers
  • Real estate agents
  • Quantity surveyors
  • Construction companies
  • Corporate lawyers
  • Most importantly, buyers

Property finance and debt recovery expertise

Our property team members:-

  • Are focused on maximising creditors’ returns
  • Have particular skill in the intricacies of re-financing and re-structuring lending
  • Are skilled at resolving and managing legal disputes with borrowers and guarantors
  • Are very experienced at recovering debt
  • Have a detailed understanding of the Construction Contracts Act
  • Are experienced at handling litigation, but seek to settle matters wherever possible
  • Implement innovative realisation strategies designed to maximise recoveries

Please see our article here on getting paid in the construction industry.

Extensive property experience & commercial acumen

McDonald Vague’s experience throughout the property and construction sector is wide, from:

  • Small-scale residential developments to multi-storey apartment blocks;
  • Coastal subdivisions to bare land; and
  • Commercial office space to large industrial space

National resources

We have around 16 full-time people on our staff. This includes three Directors and two Associate Directors. We also have a number of experienced consultants that we can call upon as and when required.

McDonald Vague is part of NZCA, a national association of independent Chartered Accountants. While all firms are independent, NZCA provides a network of alliances and business support. It allows our firm to draw on the considerable expertise of a much larger organisation, and to offer our clients an even higher level of service.

We are able to undertake assignments anywhere in New Zealand and can align with a local firm for assistance. McDonald Vague will still control the assignment and ensure the same high level of expertise and service is maintained. Working with a local firm is more efficient, reduces travel costs and makes our appointment more cost effective.

As a medium-sized firm which only undertakes business recovery and insolvency work, we can operate independently and seldom have conflicts of interest compared to larger, multi-disciplinary firms.

Leading insolvency experience

  • We have the ability to quickly take control of a situation and deploy resources as necessary
  • Our team has the ability to manage both the operational and financial aspects of a development or completed building
  • Identification of risks is carried out proactively and in a timely manner
  • We have an innate understanding of the lender’s needs
  • We have a high level of knowledge, expertise and technical skill related to the property and construction sector
  • We understand how to work with the media to protect reputation and brand value