Fletcher Residential Limited
Case number(s)
Decision date
DecisionStanding Consent (Increased Housing & Non-Residential Use tests) granted
Sections 12(a) and 23A Overseas Investment Act 2005
Decision MakerOverseas Investment Office
Decision Date03 March 2021
PathwayResidential land development (More than one purpose - Standing consent)
InvestmentOverseas investments in sensitive land, being the Applicant's acquisition of interests in residential (but not otherwise sensitive) land
ConsiderationNot yet determined
ApplicantFletcher Residential Limited
Australia (55.5%)
New Zealand (21%)
United States of America (13.3%)
United Kingdom (5.4%)
Various (4.8%)
VendorNot yet determined

The Applicant is a residential housing developer that acquires residential land to develop into residential housing.

This standing consent (the second granted to the Applicant) 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 15 transactions by 28 February 2024) 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.

Under this standing consent, the Applicant and its associates are not permitted to occupy any land acquired under this standing consent, and must sell all interests in land acquired under this standing consent within 10 years of the date of acquisition.
More informationGregory Allen
Simpson Grierson
Private Bag 92518