Overseas investment notification for case 202100626/7 - Metlifecare Limited | Toitū Te Whenua

Notification	Section 23A Overseas Investment Act 2005 Schedule 4(2) – Residential land – standing consent
Notification number	7 of 20
Date	12 April 2024
Investment	Acquisition of a freehold interest in approximately 0.0798 hectares of land at 7A Nicolls Street, Blenheim, Marlborough.
Consideration	$660,174
Consent Holder	Metlifecare Limited 100% owned by EQT Partners Infrastructure Fund IV, which is 100% overseas owned. No one entity holds more than 5% of this fund
Vendor	Leigh Francis Wells New Zealand 100%
Background	The Consent Holder holds a Standing Consent under the increased housing, non-residential use and incidental residential use pathways. This standing consent permits the Consent Holder to acquire up to 300 hectares of residential (but not otherwise sensitive) land in up to 25 transactions by 20 July 2027. This is the seventh acquisition of land under the Standing Consent. The Consent Holder will develop the land, together with other properties surrounding the land, as part of the development of 24 new retirement units within the next 2 years.
More information	Andrew Petersen Bell Gully P O Box 4199 Auckland 1140