| Notification | Notification of a transaction under a Standing Consent Sections 23A and Schedule 4(2) of the Overseas Investment Act 2005 |
|---|---|
| Notification number | 2 of 15 |
| Decision date | 22 May 2026 |
| Pathway | Residential Land Development - Increased housing (standing consent) |
| Investment | Acquisition of a freehold interest in approximately 1.4154 hectares of residential land at 12 and 14 Johnson Street, Sydenham, Christchurch. |
| Consideration | $6,640,000 (plus GST) |
| Consent holder | Fletchers Residential Limited and Vivid Living Limited Australia 45% New Zealand 26% United States of America 18% Various 11% |
| Vendor | General Distributors Limited New Zealand 100% |
| Background | The Consent Holder was granted a residential standing consent on 24 January 2024 under the increased housing test and non-residential use test. The standing consent permits the Consent Holder to acquire up to 200 hectares of residential (but not otherwise sensitive) land by 31 January 2027 to be used in up to 15 developments. This is the second acquisition of land under the standing consent. The land will be developed for a residential subdivision for approximately 80 new residential dwellings. |
| More information | Gregory Allen Simpson Grierson 88 Shortland Street, Auckland, Auckland Central |