Mackersy Property may have a new name, but our history spans four decades...
Ron Mackersy founded Mitchell & Mackersy in 1982 in Dunedin. The firm often provided funding for residential property through its nominee mortgage company, until the mid 1990s when the regulatory environment changed, and banks became more flexible in their lending practices.
Ron proposed contributors use their equity differently and began putting small groups of contributors together to purchase commercial properties. The first property purchased by Mitchell & Mackersy was on Stanmore Road in Christchurch. This asset remains one we manage to this day and those investors remain loyal to the Mackersy brand.
In the early 2000s, Ron forged a relationship with Calder Stewart Industries Limited. Calder Stewart was establishing itself in Christchurch completing purpose-built premises for various businesses. Many of those businesses wanted to occupy their buildings rather than own them. Another opportunity opened up for Mitchell & Mackersy, and it became the end buyer of more than 60 Calder Stewart buildings.
As the portfolio of property Mitchell & Mackersy acquired for its investors grew, it became obvious that a management company was needed. In 2010 Maori Hill Property Limited (MHP) was incorporated to provide a management service to the investors. Dale Robertson was employed as the Asset Manager, and went on to become the growing company’s Managing Director.
In 2020 a merger and rebranding exercise formed Mackersy Property. Mackersy Property comprises the investment business previously run by the law firm, and the management business of MHP. Mackersy Legal was also incorporated as part of the same exercise and then in 2021 the legal business was sold to Duncan Cotterill.
We now operate under the Mackersy Property banner, and retain a close business relationship with Duncan Cotterill. We have a skilled team of 38 in offices in Queenstown, Christchurch, Tauranga and Dunedin. We manage 147 syndicate-owned commercial properties and 40 privately owned commercial properties on behalf of over 2,000 investors.
We’re proud of where we’ve come from and what we’ve achieved so far, but the most exciting prospect for us is continuing to work for and on behalf of our loyal investors in future.