| Decision |
Notification of a transaction under a Standing Consent |
|---|---|
| Notification number | 6 (of 15) |
| Decision date | 13 September 2023 |
| Pathway(s) | Residential Land Development - Increased housing (Standing consent) |
| Investment | Acquisition of a freehold interest in approximately 3.1585 hectares at 231 Flat Bush School Road, Flat Bush, Auckland. |
| Asset value | $21,000,000 |
| Applicant |
Fletcher Residential Limited |
| Vendor | His Majesty the King New Zealand (100%) |
| Background |
The Consent Holder was granted a residential standing consent under the Increased Housing pathway on 3 March 2021. This permits the Consent Holder to acquire up to 200 hectares of land in up to 15 transactions by 31 December 2028. This is the sixth acquisition of Land under the standing consent. The Consent Holder intends to build 168 new residential dwellings over 3 stages, including 52 KiwiBuild dwellings. The Consent Holder intends to complete 46 new dwellings in stage 1 by 31 January 2024 and the remaining dwellings in stages 2 and 3 by 31 December 2025. |
| More information |
Greg Allen, |