| Decision | Consent granted |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 18 December 2024 |
| Pathway | Sensitive Land - Benefit to New Zealand |
| Investment | Acquisition of a freehold interest in approximately 21.33 hectares (Initial Land) and 8.25 hectares more or less of associated land (Option Land) located at Ashburton Business Estate. |
| Consideration | $8,500,000 |
| Applicant | Inside Out LLC |
| Vendor | Ashburton District Council |
| Background | The Applicant is a Delaware incorporated company, majority owned by Susan Elisabeth Amis-Cameron. It operates a group of companies that seek to improve the way in which individuals and businesses interact with the environment. The Applicant is acquiring, through a joint venture with Carrfields Food & Fibre Investments Limited Partnership, approximately 21.33 hectares of sensitive land with an option to purchase a further 5.92 hectares of sensitive land and 2.33 hectares non-sensitive located in the Ashburton Business District to develop a sustainable food and fibre hub. The land is located at the Ashburton Business Estate and is bare land held by the Ashburton District Council for the purpose of providing appropriately zoned business land for local, national and international business to purchase land and establish their business. The main benefits to New Zealand are likely to include increased capital expenditure through investment and acquisition of 50% shares in Rubisco Limited, creation of jobs, introductions of new technology and business skills, increased export receipts, productivity and processing of primary products. Consent was granted as the Applicants have met the investor test criterion and the investment is likely to benefit New Zealand. |
| More information | Kirsten Todd |