Applicant
Vital Healthcare Property Limited
Case number(s)
202300283
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 13 July 2023
Pathway(s) Sensitive land - Residential land development (one off)
Investment Acquisition of approximately 0.7461 hectares at 180 Chapel Road, Flat Bush, Auckland
Consideration $13,000,000
Applicant

Vital Healthcare Property Limited
New Zealand 56.67%
North America 33.64%
Various 9.69%

Vendor

177 Investment Limited
New Zealand 100%

Jingyao International Limited
New Zealand 75.1%
China 24.9%

Background

The Applicant is the entity that manages the New Zealand properties of Vital Healthcare Property Trust, which invests in healthcare related properties.

The Applicant owns the adjoining property to the land being acquired, on which the Ormiston Hospital is situated. The Applicant proposes to incorporate the land into the Ormiston Hospital healthcare precinct and use it as an onsite carpark.

Consent was granted to this investment as the Applicant met the investor test criterion and the investment is likely to result in a non-residential use outcome.

More information

Sally Whincop
Bell Gully
PO Box 4199
Auckland 1140