| Decision | Consent Granted |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 3 February 2025 |
| Pathway | Sensitive land – Farm land benefit test |
| Investment | Acquisition of a freehold interest in approximately 126 hectares of land at Barneys Lane and Creamery Road, Ranfurly, Central Otago. |
| Consideration | $1,524,000 |
| Applicant | Mainland Poultry Limited |
| Vendors | Kieran David O’Neill, Paul Stafford O’Neill and Richard James Farquhar (as trustees of the Springfield Trust) |
| Background | The Applicant is a New Zealand company, ultimately owned by Navis Capital Partners, a global private equity firm. The Applicant is acquiring land in Central Otago that is currently being used for breeding ewes and producing wool. The land will be converted to a free-range egg farm. The key benefits that will likely result from this investment are economic benefits in the form of additional capital investment and the creation of employment. Consent was granted as the Applicant has met the investor test criterion and the investment is likely to benefit New Zealand |
| More information | Glenn Shewan |