| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 5 August 2026 |
| Pathway | Sensitive land - Residential land development (one off) |
| Investment | Acquisition of a freehold interest in approximately 0.551 hectares of land contained in lots 17-24, 30 and 31 located at The Commonage, Vancouver Drive, Queenstown. |
| Consideration | $10,785,000 |
| Applicant | Tahuna Hill Queenstown Limited Partnership United States of America 49% Australia 21% New Zealand 19% Philippines 8% Various 3% |
| Vendor | Commonage Queenstown LP |
| Background | The Applicant is being established as a New Zealand Limited Partnership with 26 limited partners. United States citizen Valery Joseph Andre will hold a 30.3% interest and is the only limited partner holding an interest of greater than 25%. The land is currently vacant. The Applicant intends to construct 22 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 |