The successful proposal was submitted by Cheops Holdings, which will use sister company McKee Fehl Constructors to undertake the development, led by Maurice Clark.
The Band Rotunda building, a Wellington waterfront landmark since its completion in 1938, has been closed for some time as it needs extensive renovation.
The concrete slab between the upper and lower levels of the building has deteriorated and is unsafe, and the foundations are being affected by the sea.
A key aim of the process was to find a developer who is prepared to invest in the building to ensure its construction is long-lasting and suited to the marine environment.
The Cheops proposal also maintains public access to the building and contributes to the heritage and urban design values of the area.
The City Council is negotiating terms and conditions with Cheops Holdings and hopes to conclude these within the next month.
“The Band Rotunda is one of Wellington’s most recognisable buildings but needed a lot of work to bring it up to modern safety standards,” says Wellington Mayor Justin Lester.
“It is wonderful that in this deal with Cheops Holdings we have been able to secure its future and it will remain one of the city’s landmarks.
“We are also delighted to retain public access and that the redevelopment will maintain the building’s heritage values and eye-catching charm.”
Maurice Clark, Managing Director, Cheops Holdings says: “The Band Rotunda is one of Wellington’s most iconic landmarks. We are delighted to take-on the opportunity to restore and rejuvenate this much-loved site and bring vitality to Oriental Bay.
“After strengthening and upgrading, we hope to attract a premier hospitality operator, bringing a host of local community benefits and further enhancing our city’s hospitality offering.”
Cheops Holdings specialises in restoring and rejuvenating historic, underutilised buildings across Wellington for commercial, residential and hospitality uses. The company has an impressive award-winning redevelopment portfolio which includes the Press Hall precinct, Public Trust Building and 15 Stout Street.
“Wellingtonians will be delighted when the band rotunda is back in use; we’ve missed it,” says Councillor Nicola Young, the Council’s Portfolio Leader for Central City Projects.
“Maurice Clark has an outstanding track record in restoring heritage buildings, so he’s absolutely the right man for this project.”