| Decision | Consent granted Section 12(1)(a) and Section 12(1)(b) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 18 December 2025 |
| Pathway | Sensitive land – Farm land benefit test |
| Investment | Acquisition of freehold interests in approximately 426.0581 hectares located at 1062 Carleton Road (Glen Eyre Farm) and approximately 233.6401 hectares located at 172 Te Pirita Road (Te Awa Farm). |
| Consideration | Withheld under section 9(2)(b)(ii) |
| Applicant | Craigmore Farming NZ Limited Partnership Germany 26% New Zealand 24% Hong Kong 16% Various 34% |
| Vendor | Craigmore Dairy II LP Germany 35% Various 65% |
| Background | The Applicant is part of the Craigmore Sustainables Group of limited partnerships and companies. The land is currently owned by Craigmore Dairy II LP and has been operated as dairy farms. The contemplated transactions involve retaining the land, through an internal restructuring of investors and investments within the Craigmore Group. The Land and/or Securities will be the subject of an intra‑group transfer between closely related entities and will be held within the same control and management structure with many of the existing owners retaining their interests. The Applicant intends to continue operating the farms as dairy farms. The key benefits that will likely result from this investment are increased capital expenditure and production and export receipts. Consent was granted as the Applicant met the investor test criterion and the investment is likely to benefit New Zealand. |
| More information | Christina Lefever Lefever Law |