| Decision | Consent Granted |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 07 June 2024 |
| Pathway(s) | Sensitive land - Residential land development (One-off) |
| Investment | Acquisition of 49% of the ordinary shares in TLC Holdings I Pte. Ltd which has an interest in 0.3749 hectares of land at 223 Lake Road, Northcote Central, Auckland and 0.2750 hectares of land at 4 Fraser Avenue, Northcote Central, Auckland (collectively, the Land). |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Eighty Eight Rubies Limited |
| Vendor | GS NZ Strategic Holdings Pte Ltd |
| Background | The Applicant is a portfolio investment company ultimately managed by Asia Debt Management Hong Kong Limited, a private credit specialist in the Asia Pacific market. The Land that the Applicant will indirectly acquire an interest in, as a result of acquiring the shares, is being used to build 183 apartments across two buildings. Consent was granted as the Applicant met the investor test criterion and the investment is likely to meet the increased housing test. |
| More information | Susie Kilty |