| Decision | Consent granted Section 13(1)(c) of the Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 16 March 2026 |
| Pathway | Significant business assets – Primary consent |
| Investment | Acquisition of freehold interests in approximately 22.7538 hectares of non-sensitive land, located at 92 Prices Road and 420 Puhinui Road, Wiri, Auckland, used in carrying on business in New Zealand for consideration exceeding $100 million. |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Strontium NZ Investments Limited North America 61% Asia 7% Middle East 6% Various 26% |
| Vendors | Tunicin Investments Limited as trustee for the Puhinui Joint Venture New Zealand 100% |
| Background | The Applicant is a newly formed New Zealand limited company ultimately owned by the Brookfield Group, a global investment firm. The Applicant is acquiring the non-sensitive land to carry on its business developing warehousing and logistics facilities for third party tenants. Consent was granted as the national interest test was met. |
| More information | Sam Kember Russell McVeagh (Auckland) PO Box 8 Auckland 1140 |