Applicant
Metlifecare Limited
Case number(s)
201720107
Decision date
Type
Decision
DecisionConsent granted
Section 12(a) Overseas Investment Act 2005
Decision MakerThe Minister for Land Information and the Associate Minister of Finance
Decision Date12 April 2018
InvestmentAn overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in up to approximately 5.5972 hectares of land at Clark Road, Scott Point, Hobsonville.
Consideration$37,596,300
ApplicantMetlifecare Limited
New Zealand (68.24%)
Australia (19.12%)
United States Public (5.81%)
United Kingdom Public (3.80%)
Norway Public (1.30%)
United Arab Emirates Public (0.62%)
Various (0.53%)
Germany Public (0.35%)
Switzerland Public (0.23%)
Vendors

Joseph Oliver Midgley, Huia Marie Midgley, and Desiree Morgan
New Zealand (100%)

Warren Edmond Midgley
New Zealand (100%)

Background

The Applicant develops, owns, and operates retirement villages and aged-care hospitals in New Zealand. The Applicant intends to use the land to develop a retirement village and aged-care hospital in Hobsonville.

The benefits to New Zealand include:

  • creating a large number of additional independent living units and care beds, specifically designed for elderly residents;
  • creating a significant number of employment opportunities both during the construction of the retirement village and aged-care hospital and its subsequent operation; and
  • a high level of New Zealand oversight and participation.
More informationGregory Allen
Simpson Grierson 
Private Bag 92518
AUCKLAND 1141