| Notification |
Section 12(1)(a) and Section 13(1)(c) Overseas Investment Act 2005 |
|---|---|
| Notification number | 4 (of 12) |
| Decision date | 7 July 2023 |
| Rent per annum | Withheld under Section 9(2)(b)(ii) Official Information Act |
| Consent holder | General Distributors Limited |
| Lessor | Kokomea Village Centre Limited |
| Background |
The Consent Holder was granted a standing consent based on the non- residential use pathway on the 13 November 2019. This consent permits the Consent Holder to acquire up to 75 hectares of residential land (but not otherwise sensitive) in up to 10 transactions with a maximum of 15 hectares per transaction by 1 December 2024. This is the 4th transaction under this consent being a lease of approximately 0.3675 hectares of land at Lake Terrace, Taupo South. The Consent Holder is using the land to operate a supermarket. |
| More information |
Anna Crosbie |