| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 10 June 2026 |
| Pathway | Residential land development (One-off purchase - Incidental residential use) |
| Investment | Freehold interest in 0.8119 hectares of land at 145 Conway Road, Eltham |
| Consideration | $450,000 |
| Applicant | ANZCO Foods Limited Japan 78% Various 22% |
| Vendors | John Graeme Stevens and Delwyn Reina Stevens New Zealand 100% |
| Background | The Applicant is a New Zealand meat processing company indirectly owned by Itoham Yonekyu Holdings Inc, a Japanese meat production company listed on the Tokyo stock exchange. The Applicant is buying a residential property opposite it's beef processing site in Eltham, Taranaki. The Applicant intends to use the residential property for staff accommodation at the processing site. Consent was granted as the Applicant has met the investor test criterion, and the investment is likely to meet the incidental residential use test |
| More information | Guy Bidwill Chapman Tripp (Christchurch) PO Box 2510 Christchurch |