| Decision | Consent granted |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 27 February 2025 |
| Pathway | Significant business assets |
| Investment | Acquisition of a leasehold interest in approximately 10.5404 hectares of non-sensitive land in Hornby South, Christchurch for consideration exceeding $100 million. |
| Consideration | $213,270,468 (attributed value over full lease term) |
| Applicant | General Distributors Limited |
| Vendors | Shands Road Nominees Limited as custodian of the Shands Road Limited Partnership |
| Background | The Applicant is the property owning and leasing vehicle for Woolworths New Zealand Limited, which owns and operates the Woolworths chain of supermarkets in New Zealand. The Applicant already leases part of the land in Hornby South for its warehouse distribution facility. The distribution centre is being expanded onto the other part of the land and the existing lease is being varied and extended to reflect the larger site and facility. Consent was granted as the Applicant has met the investor test criterion. |
| More information | Lance Jones |