Decision | Standing Consent (non-residential use test) granted |
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Decision Maker | Overseas Investment Office |
Decision Date | 13 November 2019 |
Pathway(s) | Residential land – standing consent - non-residential use |
Investment | Overseas investments in yet to be identified residential (but not otherwise sensitive) land. |
Applicant | General Distributors Limited and Wholesale Distributors Limited |
Background | The Applicants are part of Woolworths Group, one of the largest supermarket operators in New Zealand. The Applicants are the asset holding vehicles for Woolworth Group’s Countdown, Fresh Choice and Super Value branded stores. This standing consent under Schedule 4(2) of the Act has been granted in accordance with the non-residential use test set out in Schedule 2(13) of the Act. Residential (but not otherwise sensitive) land acquired under this standing consent will be used for:
in the ordinary course of business of the Applicants. This standing consent will permit the Applicants:
Under a standing consent, the Applicant must notify the Overseas Investment Office each time it settles a transaction in relation to the consent. |
More information | Steve Rendall |