| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 9 October 2023 |
| Pathway(s) | Sensitive land – Farm land benefit test |
| Investment | A leasehold interest in approximately 26.4277 hectares at 546 Napier Road, and 18 Te Mata Mangateretere Road, Havelock North. |
| Lease amount | Withheld under section S9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | T&G Global Limited Germany 74% Hong Kong 20% Various 6% |
| Vendors | Beverley Kay Hawkins and Russell Spencer Hawkins New Zealand 100% |
| Background | The Applicant is a New Zealand-incorporated grower, distributer, marketer and exporter of a variety of fresh produce including apples. The Applicant’s wholly owned subsidiary, ENZAFruit New Zealand International Limited, will acquire the lease. The Applicant will redevelop the land, which is currently planted in older varieties of apples and pears, and will plant and grow high value Envy or Joli apples using the 2D planting system. The main benefits to New Zealand are likely to include substantial economic benefit through additional jobs, increased export receipts, and increased capital expenditure of $8.4 million. Consent was granted as the Applicant met the investor test criterion and the benefit likely to occur as a result of the investment will result in benefit to New Zealand. |
| More information | Joe Windmeyer Russell McVeagh (Auckland) PO Box 8 AUCKLAND 1140 |