| Decision | Consent granted |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 26 February 2025 |
| Pathway | Sensitive land – Farm land benefit test |
| Investment | Acquisition of a freehold interest in approximately 3 hectares of sensitive land at 139 Te Aute Road, Havelock North, Hastings, Hawke’s Bay |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | CDL Land New Zealand Limited |
| Vendors | Charles Peter Moore, Barbara Joy Moore and DKL Pentad Trustees Limited as trustees of the Pentad Trust |
| Background | The Applicant is a subsidiary of NZX-listed CDL Investments New Zealand Limited and is a residential property developer with investments throughout New Zealand. The land is currently used as a residential home. The Applicant will integrate the land with its adjoining land and will use both to carry out a residential subdivision development. Part of the land will be used to create 34 residential lots to be on sold on the open market. The remaining land area will be used for roading and stormwater purposes to support the residential subdivision. The main benefits to New Zealand are likely to include increased capital expenditure, and support government's housing policy. Consent was granted as the Applicant has met the investor test criterion and the Investment is likely to benefit New Zealand. |
| More information | Andrew Petersen |