| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 09 January 2026 |
| Pathway | Benefit to New Zealand |
| Investment | Acquisition of a freehold interest in approximately 11.4871 hectares of land in Dairy Flat, Auckland. |
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | AW Holdings 2021 (LP) Limited Partnership New Zealand 50% Australia 32% United States of America 14% Various 4% |
| Vendors | Brian James Sutton & Hauraki Trustee Services (2008) Limited New Zealand 100% Harvey Arthur Lockie, Carren Dorothy Lockie, Bryn Parkin Lockie & Catherine Fay Lockie New Zealand 100% Yong-Kwan Lee and Young Hae Ko New Zealand 100% |
| Background | The Applicant is a New Zealand limited partnership majority owned by Aventuur, Inc, a global surf park developer. The land is currently used by the Vendors as residential homes. The Applicant will integrate the land with its adjoining land that is being developed into a surf park. The Applicant intends to develop the land into at least 65 residential lots and 21 residential and commercial/professional units to be sold to third parties. The benefits likely to occur include economic benefits in the form of capital expenditure, employment and advancing the government’s housing policy. Consent was granted as the Applicant has met the investor test criterion and the investment is likely to benefit New Zealand. |
| More information | Guy Bidwill Chapman Tripp PO Box 2206 Auckland 1140 |