| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 10 December 2021 |
| Pathway(s) | Benefit to New Zealand (Benefit to New Zealand - S&I) |
| Investment | A leasehold interest in 12.14 hectares of land located at 220 Elwood Road at Tomoana, Hawkes Bay |
| Consideration | Withheld under s.9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | T&G Global Limited Germany (73.99%) China, People's Republic of (19.99%) New Zealand (5.93%) Various (0.09%) |
| Vendor | Andrew Timothy Mitchell, Bruce Anthony Mitchell and Kristina Jean Mitchell as trustees of the Private Road Trust New Zealand (100%) |
| Background | The Applicant is a New Zealand-incorporated grower, distributer, marketer and exporter of a variety of fresh produce including apples. The Applicant intends for its 100% subsidiary, ENZAFruit New Zealand International Limited to acquire a leasehold interest in land at 220 Elwood Road at Tomoana. The Applicant intends to redevelop the land which is currently planted in older varieties of apples and areas of bare land, and will plant and grow high value Envy apples using the 2D planting system. We are satisfied the redevelopment of the land is likely to result in substantial and identifiable benefit to New Zealand, through increased jobs, export receipts, capital expenditure, royalties paid, and increased productivity and efficiency on the land. The Applicant has also demonstrated that it has provided benefit to New Zealand through previous investments. |
| More information | Rachael O'Malley Russell McVeagh (Auckland) PO Box 8 Auckland 1140 |