| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 (the Act) Schedule 2 of the Act |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 12 October 2021 |
| Pathway(s) | Residential land (Non-residential use - one-off purchase) |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 0.0804 hectares (subject to survey) of residential (but not otherwise sensitive) land in Auckland. |
| Consideration | Withheld under s9(2)(a) and s9(2)(b)(ii) of the Official Information Act |
| Applicant | Warner Bros. International Television Production New Zealand Limited United States of America (99.97%) Various (0.03%) |
| Vendor | Pacific Terraces Limited |
| Background | The Applicant is a television production company that acquires residential land for the purpose of producing a television show. This consent has been granted in accordance with the Non-residential use test set out in Schedule 2 of the Act. The consent permits the Applicant to acquire a freehold interest in land which is residential (but not otherwise sensitive) land, for the purpose of television production. The land will be divested once the television production and related activities have concluded. |
| More information | Andrew Petersen Bell Gully (Auckland) PO Box 4199 Auckland 1140 |