| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 31 March 2026 |
| Pathway | Sensitive land – Residential land development (large rental development) |
| Investment | Acquisition of a freehold interest in 21 residential dwellings located on approximately 0.1704 hectares of residential land at 4 Scott Road, Hobsonville, Auckland to be operated as a Large Rental Development |
| Consideration | $16,535,000 |
| Applicant | Firstmiznz Limited Partnership People's Republic of China 100% |
| Vendor | Aedifice Development Limited |
| Background | The Applicant is ultimately beneficially owned by two Chinese citizens. The Applicant is acquiring 21 residential dwellings at the Limeburner’s Bay development in Hobsonville to rent out. The Applicant will make all dwellings acquired available as rental accommodation to third party 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 | Luke Beveridge Queen City Law NZ Limited Level 8 19 Victoria Street West Auckland 1010 |