| Notification | Notification of a Transaction under a Standing Consent Section 12(1)(a) and Section 13(1)(c) Overseas Investment Act 2005 |
|---|---|
| Notification number | 5/25 |
| Date | 20 July 2023 |
| Rent per annum | $1,045,095 |
| Consent holder | General Distributors Limited Australian Public (99.45%) Various (0.55%) |
| Vendors/lessor | Belfast Village Centre Limited |
| Background | The Consent Holder was granted a residential standing consent under the non-residential use pathway on 13 of November 2019. This standing consent permits the Consent Holder to acquire up to 75 hectares of residential land (but not otherwise sensitive) in up to 10 transactions with a maximum of 15 hectares per transaction by 1 December 2024. This is the 5th transaction under this consent of approximately 0.515 hectares of land at 751 - 755 Main North Road, Belfast, Christchurch.The Consent Holder has leased the Land from the lessor with the intention to operate a supermarket on the Land. |
| More information | Anna Crosbie Russell McVeagh PO Box 8 Auckland 1140 |