| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 7 October 2025 |
| Pathway | Sensitive land – Residential land development (large rental development) |
| Investment | Acquisition of a stratum in freehold interest in 82 residential dwellings located on approximately 0.7 hectares of residential land at 170-174 Te Atatu Road, Te Atatu South, Waitakere, Auckland |
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | KW Holdings Limited Hong Kong 100% |
| Vendor | Te Atatu Revival Limited |
| Background | The Applicant is beneficially owned by Unity Trust Limited as trustee of the One Wan Trust, a Hong Kong trust. The Applicant is acquiring at least 20, and up to 82 residential dwellings at the Parkside West development in Te Atatu to rent out. The Applicant will make all dwellings acquired available as rental accommodation to tenants. Consent was granted as the Applicant has met the investor test criterion, and the Investment is likely to meet the large rental development test. |
| More information | Tessa Baker Chapman Tripp PO Box 2206 Auckland 1140 |