| Decision | Consent granted Section 12(1)(b) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 13 August 2025 |
| Pathway | Sensitive land – Benefit test |
| Investment | Acquisition of 100% of the shares in SOL Quarries Limited providing an indirect freehold interest in 54.0530 hectares at 81, 93 and 133 Conservators Road, McLeans Island, Christchurch |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | HEB Construction Limited Various 67% United Kingdom 18% France 15% |
| Vendors | Ben Dormer Investment Trust, Firm 77 Investment Trust, RH McCaw Trust New Zealand 100% |
| Background | The Applicant is ultimately owned by Vinci SA, a publicly listed company headquartered in France. Vinci SA is a global player in the business of concessions, energy, and construction, with an extensive network of material production sites (quarries, asphalt plants and material recycling facilities). The land has been used in part for quarrying purposes. The Applicant intends to expand the quarry on the land to extract and remove rock, gravel and sand aggregates. The main benefits to New Zealand are likely to include retention of jobs, increased primary production, capital expenditure and support government's infrastructure policies. Consent was granted as the Applicant has met the investor test criterion and the Investment is likely to benefit New Zealand. |
| More information | Chris Parke and Joy Wang Dentons Kensington Swan 18 Viaduct Harbour Avenue Auckland |