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Applicant
McDonald's Restaurants (New Zealand) Limited
Case number(s)
202400234
Decision date
Type
Decision
DecisionConsent Granted
Section 12(1)(a) Overseas Investment Act 2005
Decision makerToitū Te Whenua Land Information New Zealand
Decision date23 April 2024 
Pathway(s)Residential land development (Non-residential use - One-off purchase)
InvestmentAcquisition of approximately 0.3 hectares of land located at 237 Wanaka Luggate Highway, Wānaka, Otago.
ConsiderationWithheld under s9(2)(b)(ii) of the Official Information Act 1982.
ApplicantMcDonald's Restaurants (New Zealand) Limited
United States 100%
VendorMt Iron Junction Limited
Background

The Applicant is ultimately owned by McDonald's Corporation, a publicly listed company on the New York Stock Exchange. The Applicant owns 171 McDonald’s restaurants across New Zealand. The Applicant intends to build a new McDonald’s restaurant on the Land. The restaurant is expected to be operational by 2026. 

The Land is currently vacant, bare land and is being subdivided by the Vendor. 

Consent has been granted because the application met the investor test and the Non-residential use test.

More informationAnna Hickmott
Greenwood Roche (Auckland)
PO Box 106006
Auckland 1143 

This assessment report was published as part of an Official Information Act request.

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