| Decision | Consent Granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 23 April 2024 |
| Pathway(s) | Residential land development (Non-residential use - One-off purchase) |
| Investment | Acquisition of approximately 0.3 hectares of land located at 237 Wanaka Luggate Highway, Wānaka, Otago. |
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act 1982. |
| Applicant | McDonald's Restaurants (New Zealand) Limited United States 100% |
| Vendor | Mt 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 information | Anna Hickmott Greenwood Roche (Auckland) PO Box 106006 Auckland 1143 |
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