Decision | Consent granted |
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Decision Maker | Overseas Investment Office |
Decision Date | 30 July 2020 |
Pathway(s) | Sensitive land – substantial and identifiable benefit to New Zealand |
Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 20.2343 hectares of land at 520 Birchs Road, Lincoln. |
Consideration | $8,000,000 |
Applicant | Fletcher Residential Limited |
Vendor | Phillip Drayton Attwood Long, Jane Elizabeth Allen and Rosemary Anne Andrews |
Background | The Applicant is a wholly owned subsidiary of Fletcher Building Limited, a widely held company traded on the NZ stock exchange. The Applicant is a residential land developer. It is acquiring and will develop the land to build approximately 200 new dwellings over the next 5-10 years. The benefits likely to come from this investment include:
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More information | Gregory Allen |