| Decision | Consent granted Section 13(1)(c) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 29 September 2026 |
| Pathway | Significant business assets – Primary consent |
| Investment | Leasehold interests in approximately 0.7309 hectares of non-sensitive land at the corner of Spa Road and Tongariro Street, Taupō |
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | General Distributors Limited Australia 36% North America 16% United Kingdom 5% Asia 3% Europe 4% Various 36% |
| Background | The Applicant is the property owning and leasing vehicle for Woolworths New Zealand Limited, which owns and operates supermarkets in New Zealand. It currently owns freehold land in Taupō which it intends to sell to a third party. The Applicant will then leaseback the land for up to 60 years for the purpose of operating a supermarket business. The estimated cost of the lease exceeds the significant business assets threshold. Consent was granted as the national interest test was met. |
| More information | Russell McVeagh PO Box 8 Auckland 1140 |