Applicant
YTLHS (Auckland) Pte Ltd and RW Auckland Limited
Case number(s)
202500479
Decision date
Type
Decision
Topic
Overseas investment
DecisionConsent granted
Section 13(1)(c) Overseas Investment Act 2005
Decision makerToitū Te Whenua Land Information New Zealand
Decision date5 September 2025
PathwaySignificant business assets
InvestmentAcquisition of business, assets and leasehold interests in non-sensitive land for the business known as ‘Hotel Indigo Auckland’ for consideration exceeding $100 million.
Consideration$160,000,000
ApplicantsYTLHS (Auckland) Pte Ltd and RW Auckland Limited
Malaysia 80%
Various 20%
VendorsNFF NZ Operations Pty Limited as trustee of the NZFF NZ Operations Unit Trust and NFF New Zealand Pty Limited as trustee of the NFF NZ Unit Trust
Australia 100%
Background

The Applicants are both ultimately owned by Malaysian based YTL Corporation Berhad, the parent company of the YTL Group which operates as an investment holding and management firm.

RW Auckland is buying the business and assets of ‘Hotel Indigo Auckland’ including the leasehold interest in the hotel premises and carparks. YTLHS (Auckland) Pte Ltd is buying a freehold interest in land located at 51 Albert Street, Auckland (land under the Hotel Indigo) and 76–84 Albert Street, Auckland (being 20 carpark lots). This will be the Applicants’ first investment in New Zealand.

Consent was granted as the Applicant met the investor test criterion.

More informationPavanie Edirisuriya
DLA Piper New Zealand
PO Box 160
Shortland Street
Auckland