| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 29 August 2025 |
| Pathway | Sensitive land – Benefit test |
| Investment | Acquisition of a freehold interest in approximately 0.7178 hectares of sensitive land at 186B Gordonton Road, Puketaha, Hamilton. |
| Consideration | $1,500,000 |
| Applicant | CDL Land New Zealand Limited Singapore 57% New Zealand 38% Various 5% |
| Vendor | Alan Stuart Roulston New Zealand 100% |
| Background | The Applicant is a subsidiary of NZX-listed CDL Investments New Zealand Limited and is a residential property developer with investments throughout New Zealand. The land is currently used as a residential home. The Applicant will integrate the land with its adjoining land and will use both to carry out a residential subdivision development. Part of the land will be used to create 10 residential lots to be sold on the open market. The remaining land area will be used for roads, footpaths and streetscape for the residential subdivision. The main benefits to New Zealand are likely to include increased capital expenditure and supporting the government's housing policy. Consent was granted as the Applicant has met the investor test criterion and the Investment is likely to benefit New Zealand. |
| More information | Andrew Petersen Bell Gully (Auckland) PO Box 4199 Auckland 1140 |