| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 20 May 2026 |
| Pathway | Sensitive land – Farm land benefit test |
| Investment | A freehold interest in approximately 183.272 hectares of land located at 1735 Wards Road, Greendale, Selwyn. |
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Toitu Farming Partners LP United Kingdom 90% New Zealand 10% |
| Vendors | Peter Leonard Pascoe and Joan Patricia Pascoe New Zealand 100% |
| Background | The Applicant is a partnership between an entity owned and controlled by New Zealanders, Reedason Holdings Limited and an entity owned by controlled by British citizens, Farming Partners NZ Limited. The land is currently used for sheep grazing and onion growing. The Applicant intends to develop the land into a dairy farming operation. The main benefits that will likely result from this investment are economic benefits in the form of capital expenditure, the creation of employment and increased productivity and export receipts. Consent was granted as the Applicant has met the investor test criterion and the Investment is likely to benefit New Zealand. |
| More information | Olivia Macgregor David Stock |