| Decision | Consent granted |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 27 June 2024 |
| Pathway(s) | Significant business assets only |
| Investment | Establishment and operation of automated warehouse and cold chain logistics facilities. |
| Estimated cost of establishing the business | The cost of establishing automated warehouse and cold chain logistics facilities will exceed NZ $100 million and is likely to be significantly higher. The actual amount required to establish the business will only be known when the first facility is built, commissioned, and operational which is anticipated to be by mid-2027. |
| Applicant | NewCold Coöperatief U.A. |
| Background | The Applicant is a Dutch incorporated cooperative ultimately owned by investment funds managed by Westport Capital Partners, a US-based investment management firm. The Applicant was granted consent to establish and operate automated warehouse and cold chain logistics facilities in New Zealand, anticipated to be operational by July 2027. Consent was granted as the Applicant met the investor test criterion. |
| More information | Graeme Quigley |