| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 22 November 2024 |
| Pathway | Sensitive land - Residential land development (one off) |
| Investment | Acquisition of a leasehold interest of up to 10 years in approximately 4 hectares of land at Puketona Road, Paihia |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Ventia NZ Operations Limited Australia 97% Various 3% |
| Vendors | Justine Marie Endersby and Puketona Trustee Company Limited as trustees of the Choat Family Trust and Charles Brett Choat and Puketona Trustee Company Limited as trustees of the Justine Endersby Family Trust trading as Puketona Farms Partnership, as Landlord |
| Background | The Applicant is wholly owned by Ventia Services Group Limited, which provides infrastructure and maintenance services to a wide range of clients in New Zealand and Australia. The Applicant currently leases the land which is used as part of its quarrying business. Consent has been granted for it to extend its lease. Consent was granted as the Applicant met the investor test criterion and the investment is likely to meet the non-residential use test. |
| More information | Tessa Baker Chapman Tripp (Auckland) PO Box 2206 Auckland 1140 |
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