| Decision | Consent granted Section 23 Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 18 December 2023 |
| Pathway(s) | Sensitive land – Residential land development (standing consent) |
| Investment | Overseas Investment is in yet to be identified sensitive land. |
| Applicant | Waiaua Bay Farm Limited United States of America 100% |
| Background | The Applicant is a New Zealand incorporated company ultimately owned by the three citizens of the United States of America. The Applicant currently owns three luxury lodges in Queenstown, the Hawke's Bay, and Northland (Kerikeri), known as Rosewood Matakauri, Rosewood Cape Kidnappers, and Rosewood Kauri Cliffs. The Applicant wishes to acquire residential property in proximity to each lodge to house staff employed at the lodges. The Applicant has faced difficulty attracting staff to the lodges due to the scarcity and proximity of rental accommodation in each of the locations. The standing consent allows the Applicant to acquire up to seven properties across the three locations with a maximum area of 2.5 hectares each, for a total of 17.5 hectares. Consent was granted as the Applicant met the investor test criterion, the Applicant has demonstrated that the conditions of consent are likely to be met, the Applicant has adequate processes in place to meet the requirements of the incidental residential use test, and the Applicant has a strong track record of compliance. |
| More information | Eesha Karamchandani Martelli McKegg Level 20/188, HSBC Tower Quay Street Auckland 1010 |