| Notification | Notification of a Transaction under a Standing Consent Section 23A and Schedule 4(2) Overseas Investment Act 2005 – standing consent – residential land |
|---|---|
| Notification number | 6/10 |
| Date | 19 December 2023 |
| Consideration | $6,065,500 |
| Consent Holder | General Distributors Limited Australian Public (99%) Various (1%) |
| Vendor | Dragon Win Investments Limited |
| Background | The Consent Holder was granted a residential standing consent under the non-residential use pathway. The standing consent permits the Consent Holder to acquire up to 75 hectares of residential (but not otherwise sensitive) land in up to 10 transactions with a maximum of 15 hectares per transaction by 1 December 2024. In this 6th transaction under the standing consent the Consent Holder acquired approximately 1.0664 hectares of land at 484 – 494A Madras Street, Christchurch to use to build and operate a supermarket. |
| More information | Sam Nelson Lane Neave PO Box 701 Christchurch 9348 |
See the attached Assessment report linked below, which was published in response to an Official Information Act request:
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