Applicant
Holcim (New Zealand) Limited
Case number(s)
202400710
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

21 May 2025

Pathway

Sensitive land - Farm land benefit test

Investment

Acquisition of a freehold interest in approximately 18 hectares of land at 166 Mere Road, Fernhill, Hastings.

Asset value

$3,000,000

Applicant

Holcim (New Zealand) Limited
Switzerland 42%
North America 24%
United Kingdom 9%
Europe 9%
Various 16%

Vendor

Saint Clair Estate Wines Limited
New Zealand 100%

Background

The Applicant is ultimately owned by Holcim Limited. Both the Applicant and Holcim Limited are part of the Holcim Group, a Swiss multinational company, which manufactures buildings materials.

The land has been used for viticultural purposes. The Applicant intends to convert the land into a quarry, extracting and removing rock, gravel and sand aggregates. The newly developed quarry will support its existing quarry which is adjacent to the land. Once quarrying operations have ceased on the land, the land will be rehabilitated.

The main benefits to New Zealand are likely to include retention of jobs and supporting the government's transport policy.

Consent was granted as the Applicant have met the investor test criterion, and the Investment is likely to benefit New Zealand. 

More information

Ben Paterson
Anna Crosbie
Russell McVeagh (Auckland) 
PO Box 8
Auckland 1140