| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 5 May 2026 |
| Pathway | Sensitive land - Residential land development (one off) |
| Investment | Acquisition of a freehold interest in approximately 0.9886 hectares of land located at 970 and 982 Frankton Road, Queenstown. |
| Consideration | $6,000,000 |
| Applicant | Frankton Road Queenstown Limited Partnership New Zealand 37% United States of America 26% Philippines 19% Australia 17% United Kingdom 1% |
| Vendor | Winter Miles Airstream Limited |
| Background | The Applicant is a New Zealand Limited Partnership with 23 limited partners, all of whom have a less than 25% interest. The land currently contains two dwellings. The Applicant intends to demolish these and construct 30 new townhouses to on-sell. Consent was granted as the Applicant has met the investor test criterion and the Investment is likely to result in one of the increased housing outcomes, being the increase in the number of residential dwellings constructed on the residential land. |
| More information | Jessica Weinberg Todd & Walker Law P O Box 124 Queenstown 9348 |