| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 30 May 2024 |
| Pathway(s) | Residential land development (Non-residential use - One-off purchase) |
| Investment | Acquiring a freehold interest in approximately 4 hectares currently located at 350 Dairy Flat Highway, Auckland, Part Allotment of 189 Parish of Pukeatua (the Land). |
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Spark New Zealand Trading Limited Various 50% New Zealand 33% Australia 10% United Kingdom 7% |
| Vendor | ASP Bei Land Co Limited New Zealand 50% United States, 27% Australia 17% Various 6% |
| Background | The Applicant is the main operating company of Spark New Zealand, which provides telecommunications and digital services. The Applicant has entered into an agreement to purchase the Land to develop a data centre, which includes office facilities and a carpark. Consent was granted as the Applicant has met the investor test criterion and the investment is likely to meet the non-residential use test. |
| More information | Sarah Blackmore Russell McVeagh (Auckland) PO Box 8 Auckland 1140 |