| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 9 September 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 0.7082 hectares of land at 852 Wanganui Road, Turakina. |
| Consideration | $25,000 |
| Applicant | Midwest Disposals Limited, a 50:50 joint venture between:
Chinese Government, China (45.25%) China Public (37.87%) Hong Kong Public (16.88%)
CK Hutchison Holdings Limited, Hong Kong (71.93%) Various (28.07%) |
| Vendor | Rangitikei District Council New Zealand (100%) |
| Background | Since 2000, Midwest has managed and operated the Bonny Glen Landfill between Marton and Turakina. Midwest has successfully tendered to purchase just over 7,000m2 of land on the landfill’s southern boundary. The purchase only requires consent because it is adjacent to the 123 ha of non-urban land that Midwest already owns for the landfill. Midwest is purchasing the land to improve the buffer between its landfill business and neighbouring properties. The principal benefit likely to come from this investment is the conversion of 70% of the land to native plants to provide an ecological buffer that allows for the dispersion of odours, noise, dust and other effects on neighbours. |
| More information | Michael Bright Johnston Prichard Fee Limited |