| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 16 July 2024 |
| Pathway | Sensitive land - Benefit to New Zealand |
| Investment | Acquisition of 6 hectares of land located at 342 Flora Road East, Makarewa, Southland |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Datagrid New Zealand Limited Partnership Austria 38% New Zealand 31% France 31% |
| Vendors | Michael Douglas Russell and Brittany Ellen Russell New Zealand 100% |
| Background | The Applicant was established for the purpose of developing New Zealand’s first hyperscale data centre park, Datagrid. The Applicant is acquiring the land to support the operations of the data centre, which is being constructed on the adjoining property. The main benefit to New Zealand is that the Investment will enhance the viability of the Datagrid project. |
| More information | Catherine Reid and Alan Lear Catherine Reid, Barrister Alan Lear, Barrister |