Decision | Consent granted |
|---|---|
Decision Maker | Overseas Investment Office |
Decision Date | 22 June 2018 |
Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 0.9939 hectares of land at Middleton Road, Hunua. The land is non-urban, and combined with associated land owned by the Applicant, exceeds 5 hectares. |
Consideration | $179,000 |
Applicant | Fletcher Concrete and Infrastructure Limited |
Vendor | Auckland Council |
Background | As a principal operating subsidiary of Fletcher Building Limited, the Applicant is an experienced owner and operator of 30 quarries in New Zealand. The Hunua Quarry, which adjoins the Land, is the largest for hard rock that the Applicant owns. The Applicant extracts and processes aggregates, and is a key concrete provider in the Auckland region for roading, infrastructure projects and manufacturing. The land being acquired is small no-exit road which was stopped as a legal road in 2009 and is bordered on both sides by the Applicant’s Hunua Quarry. Securing a freehold interest in the land will provide alternative quarry access for the applicant’s operations team and minimise the risk of the public walking into the quarry. |
More information | Steve Woodfield |