Applicant
104 Dixon Street Limited
Case number(s)
202200324
Decision date
Type
Decision
Decision

Consent granted
Section 12(1)(a) Overseas Investment Act 2005 
Decision maker Toitū Te Whenua Land Information New Zealand
Decision date 17 October 2022
Pathway(s) Residential land development (Increased housing - One-off purchase)
Investment An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 0.0574 hectares of residential (but not otherwise sensitive) land located at 98 Dixon Street, Wellington (Land).
Consideration $3,680,000
Applicant

104 Dixon Street Limited
Malaysia (78.99%)
Various (21.01%)
Vendor Frontier Action Charitable Trust
Background

The Applicant is part of the global DIALOG Group which has been operating in New Zealand since 2011 through DIALOG Fitzroy Limited. The Applicant is a property development business that utilises modular construction systems and offsite manufacturing for the development and construction of its projects, including the installation of prefabricated residential dwelling modules in New Zealand. 

We consider the Investment is likely to: 

  • meet one of the increased housing outcomes - being the construction of approximately 46 new residential dwellings on the Land through a residential development (to replace the current mixed use commercial building on the Land containing 5 residential dwellings); 
  • meet the on-sale outcome - which means that after completing the development the Applicant must on-sell all interests in the Land (by end 2027 at the latest); 
  • meet the non-occupation outcome - which means the Applicant and certain related persons must not occupy the Land for residential purposes. 
More information

Christina Lefever
Lefever Law
P O Box 33064
Christchurch 8244