Wallace Development
- Company typePrivate
- Founded1982
- HeadquartersHavelock North, New Zealand
- Headcount11–50
- GTM typeB2B
- OfferingServices
Wallace Development firmographics
Firmographics- Name
- Wallace Development
- Legal name
- Wallace Development Company Limited
- Website
- https://wallacedevelopment.co.nz
- Company type
- Private
- Founded year
- 1982
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Wallace Development industry classification
Industry- Product category
- Commercial Real Estate Development
- NAICS
- Construction of Buildings (236), Services to Buildings and Dwellings (5617)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512)
- akta.pro primary industry
- New Construction & Builder Sales (BPAJAAAB)
- akta.pro secondary industry
- Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
Keywords
Where Wallace Development is headquartered
LocationHeadquarters
- HQ city
- Havelock North
- HQ country
- New Zealand
- HQ region
- Oceania
Offices4 records
Markets served
Wallace Development business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Property Development Services: Turn-key commercial property development services encompassing site analysis, concept planning, design specification, and project management from construction through to handover. Revenue generated through development fees and property sale/lease arrangements.
- Tenancy and Asset Management: Manages over 250 tenancies across 50+ properties throughout New Zealand. Generates recurring rental income from commercial, industrial, retail, hospitality, and residential tenancies. Provides efficient property management services with a retention rate exceeding 95%.
- Integrated Energy Services: Collective electricity purchasing program for tenants providing bulk energy procurement benefits at lower prices than mainstream providers. Fixed rate pricing with no contracts, generating savings passed on to tenants.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Weekly | Tech Collective Hot-Desk Membership |
| Unit Pricing | Annual | Commercial Office Space - Napier CBD |
| Unit Pricing | Annual | Commercial Office Space - Palmerston North |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Wallace Development product offering
Product offeringCore offering
Wallace Development provides end-to-end turn-key commercial property development services covering site analysis, concept planning, design specification, project management, and construction through to handover. The company also owns and manages a portfolio of more than 50 properties and 250+ tenancies across New Zealand, providing ongoing tenancy and asset management with retention rates exceeding 95%.
Product overview
Wallace Development Company Limited is a commercial property development and investment company that operates as a single integrated platform offering property development services, tenancy and asset management, and energy procurement services. The core offering is the turn-key property development service, which is complemented by the Tenancy and Asset Management division managing over 250 tenancies. The company also offers Integrated Energy as a collective electricity procurement service. Subsidiary brands include Tech Collective coworking spaces (Havelock North and Ahuriri locations) and residential subdivisions (Centennial Park and Mission Hills). The company has also developed Quest apartment hotels in partnership with local iwi.
Differentiator
Problem solved
Functional benefit
Brands
- Integrated Energy: Collective buying power initiative for electricity procurement, offering fixed rate pricing with no contracts for tenants
Products and services
- Property Development Services Turn-key commercial property development service covering analysis of client requirements, site selection, concept plans, design specifications, and full project management from construction through to handover. Delivered for businesses requiring purpose-built or redeveloped commercial, industrial, retail, and hospitality premises.
- Tenancy and Asset Management Ongoing property management service covering more than 250 tenancies across 50+ properties throughout New Zealand, providing efficient and effective tenancy and asset management for commercial, industrial, retail, hospitality, and residential tenants.
- Integrated Energy Collective electricity procurement service enabling tenants to purchase electricity on the wholesale market at lower prices than mainstream energy companies, with fixed rate pricing and no lock-in contracts.
- Tech Collective Havelock North Hot-desk coworking centre in Havelock North offering desk with wifi, access to private meeting rooms, private phone booths, fully equipped kitchenette, and printer with free-printing quota.
- Tech Collective Ahuriri Flagship 2,900 sqm tech hub created from the restoration of the 1940s No3 Woolstore, offering collaborative workspace with hot desks, offices, and shared amenities, anchored by NOW.
- Mission Hills Residential Subdivision Exclusive residential subdivision in Napier, Hawke's Bay, offered to individuals and families seeking premium residential sections.
- Centennial Park Residential Subdivision Premium residential subdivision in Hokowhitu, Palmerston North, within walking distance to Manawatu Golf Club, Centennial Lagoon, and river walkways. Stage 1 sold out, Stage 2 with limited sections available.
Quantifiable outcome
- Over 400 successful developments completed since 1982
- +2 more outcomes
Companies that use Wallace Development
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles3 records
Wallace Development technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Wallace Development partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- ILine ConstructioncoreConstruction partner for 93 Cameron Road, Tauranga project (Manawa building) which won Silver Award 2025 | NZ Commercial Project Awards.
- Cube ArchitecturecoreArchitecture partner for 93 Cameron Road, Tauranga project (Manawa building) which won Silver Award 2025 | NZ Commercial Project Awards.
- Rangitāne o Manawatū Investment TrustcoreJoint venture partnership for the development of Quest Apartment Hotel in Fitzherbert Avenue, Palmerston North. Partnership provides for investment, development, and continued ownership and property management. Local Manawatu iwi investment trust collaborates on both development and ongoing operations.
- Quest Apartment HotelscoreLong-term partnership with Quest for development of apartment-style hotels at multiple locations including Palmerston North, Hastings, Mount Maunganui, and Havelock North. Wallace Development provides turn-key service from building design through to interior fit-out.
Scale indicators4 records
Wallace Development competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key highlights7 records
Customer concentration
Wallace Development social profiles
Digital presenceWallace Development financial estimates
Financial estimateRevenue estimate
Valuation estimate
Wallace Development leadership team
Management profileNumber of profiles
Profiles13 records
Wallace Development funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Wallace Development M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Wallace Development
What does Wallace Development do?
Wallace Development provides end-to-end turn-key commercial property development services covering site analysis, concept planning, design specification, project management, and construction through to handover. The company also owns and manages a portfolio of more than 50 properties and 250+ tenancies across New Zealand, providing ongoing tenancy and asset management with retention rates exceeding 95%.
Is Wallace Development a public or private company?
Wallace Development is a private company. It is classified as family owned and is currently operating.
When was Wallace Development founded?
Wallace Development was founded in 1982. It employs 11 to 50 people.
Where is Wallace Development based?
Wallace Development is headquartered in Havelock North, New Zealand, in the Oceania region.
How does Wallace Development make money?
Three revenue lines are on record. Property Development Services are the primary driver. The others are tenancy and Asset Management and integrated Energy Services.
Does Wallace Development have an API?
No public API is recorded for Wallace Development.
What industry is Wallace Development in?
Wallace Development's product category is Commercial Real Estate Development. Its primary akta.pro industry code is BPAJAAAB, New Construction & Builder Sales, with a secondary code of IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities). Its NAICS code is 236 and its SIC code is 6532.