| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 7 November 2014 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 15.2470 hectares of land at Catalina Precinct, Hobsonville. |
| Consideration | Withheld under s(9)(2)(b)(ii) of the Official Information Act |
| Applicant | AVJ Hobsonville Pty Limited SC Global Developments Pte Limited, Singapore (50.3%) Australian Public (41.0%) Singapore Public (8.7%) |
| Vendor | Hobsonville Land Company Limited Housing New Zealand Corporation, New Zealand (100.0%) |
| Background | The Applicant is acquiring the land for development into housing, including affordable housing, for the Auckland market. The overseas investment transaction has satisfied the criteria in section 16 of the Overseas Investment Act 2005. The 'benefit to New Zealand' criterion was satisfied by particular reference to the following factors: Overseas Investment Act 2005 Overseas Investment Regulations 2005 |
| More information | Deirdre Norris Glaister Ennor PO Box 63 Shortland Street AUCKLAND 1140 |