| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 10 September 2025 |
| Pathway | Benefit to New Zealand |
| Investment | Acquisition of a freehold interest in approximately 0.1434 hectares of sensitive land at 59 Puketaha Road, Puketaha, Hamilton. |
| Consideration | $900,000 |
| Applicant | CDL Land New Zealand Limited Singapore 57% New Zealand 38% Various 5% |
| Vendors | Bronwyn Claire Roulston, David Mark Roulston and DMBCR Trustee Limited 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 and industrial subdivision development. The land will be used for the arterial roading or stormwater network for the development and as part of one industrial lot. The main benefits to New Zealand are likely to include increased capital expenditure, and a more productive and efficient use of the land. 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 |