Applicant
Vital Healthcare Property Limited
Case number(s)
202200348
Decision date
Type
Decision
Decision

Consent granted
Section 12(1)(a) Overseas Investment Act 2005 
Decision maker Toitū Te Whenua Land Information New Zealand
Decision date 26 October 2022
Pathway(s) Residential land development (Non-residential use - One-off purchase)
Investment Approximately 0.0632 ha of freehold land located at: 
  • 24 Kipling Avenue: NA119D/360 (½ share of Lot 1 DP 56499 and lease of Flat 2 and Garage Lot 1 DP 56499) 
  • 2/24 Kipling Avenue: NA15D/997 (½ share of Lot 1 DP 56499 and lease of Flat 1 and Garage Lot 1 DP 56499) 
Consideration $2,900,000
Applicant Vital Healthcare Property Limited
Vendor Evolution Auckland Property Limited
Background

This consent has been granted in accordance with the Non-residential use test set out in Schedule 2 of the Act.

The Applicant is a New Zealand based investor that specialises in investing in private medical facilities.

The Applicant intends to develop the Land to support the business of Endoscopy Auckland.

The Applicant will not use, or hold, the Land for any residential purposes.
More information

Justin Maloney
Bell Gully (Auckland)
PO Box 4199
Auckland 1140