| Notification |
Notification of a transaction under a Standing Consent |
|---|---|
| Notification number | 12 (of 12) |
| Decision date | 15 September 2023 |
| Pathway(s) | Residential Land Development- Increased housing (Standing consent) |
| Investment | An overseas investment in sensitive land, being the Consent Holder’s acquisition of a freehold interest in approximately 0.8262 hectares of land at Barrel Crescent and William Calvert Drive, Swanson, Auckland. |
| Asset value | $8,200,000 |
| Applicant |
Fletcher Residential Limited |
| Vendor | Neil Construction Limited |
| Background |
The Applicant was granted a residential standing consent under the Increased Housing and Non-residential use pathway on 18 April 2019. This permits the Applicant to acquire up to 200 hectares of residential (but not otherwise sensitive) land in up to 12 transactions by 1 May 2022. This is the twelfth acquisition of land under the standing consent. The Applicant intends to develop the land for the purpose of constructing 34 dwellings. Construction is expected to be complete by February 2024. Under the standing consent the Applicant must increase the number of dwellings on the land, or undertake development works to support, and must divest all interests in the sensitive land within 10 years. |
| More information |
Gregory Allen |