Fletcher Residential Limited
Case number(s)
Decision date
Standing Consent (Increased Housing & Non-Residential Use tests) granted
Sections 12(a) and 23A Overseas Investment Act 2005
Decision MakerOverseas Investment Office
Decision Date18 April 2019
InvestmentOverseas investments in sensitive land, being the Applicant's acquisition of freehold interests in residential (but not otherwise sensitive) land.
ConsiderationNot yet determined
ApplicantFletcher Residential Limited
New Zealand Public (52.84%)
Australian Public (45.82%)
Various overseas persons (1.34%)
VendorNot yet determined
BackgroundThe Applicant is a residential housing developer that acquires residential land to develop into residential housing.

This standing consent has been granted in accordance with the Increased Housing and Non-Residential Use tests set out in Schedule 2 of the Act.

This standing consent (for a maximum of 12 transactions by 1 May 2022) will permit the Applicant to acquire up to 200 hectares of yet to be identified residential (but not otherwise sensitive) freehold land located in the Auckland, Canterbury and Waikato regions.
More informationGregory Allen
Simpson Grierson
Private Bag 92518