Overseas Investment’s Assessment Report prepared for Bupa Retirement Villages Limited’s application for consent to acquire villas at Bupa Remuera Retirement Village in Auckland.
The Official Information Act response supplies the Assessment Report providing the rationale for the Overseas Investor’s application to acquire up to 27 villas at Bupa Remuera Retirement Village. The villas are/were currently individually owned and occupied by retirement village residents. The Applicant may buy the villas, as they come to the market, to address outstanding long-term maintenance of the villas and to streamline management of the villas with its operation of the wider retirement village.
This application was assessed under the Benefit to New Zealand (sensitive land) test.