Section 12(1)(a) Overseas Investment Act 2005
|Decision Maker||Overseas Investment Office|
|Decision Date||25 May 2022|
|Pathway(s)||Benefit to New Zealand (Benefit to New Zealand - Farm land)|
|Investment||21.787 hectares of land located at 1291 Alexandra Road, Waharoa, Waikato|
|Consideration||Withheld under s9(2)(b)(ii) of the Official Information Act 1982|
|Applicant||Agright New Zealand OpCo 1 Limited
New Zealand (22.82%)
Cayman Islands (3.19%)
|Vendor||Agright Limited Partnership
New Zealand (100%)
The Applicant wishes to acquire approximately 21.7870 hectares of sensitive farmland located at 1291 Alexandra Road, Waharoa, Waikato (the Land) and associated farming assets located on the Land.
The Land is currently operated as a broiler chicken farm. Broiler chickens are chickens farmed for their flesh, rather than their eggs. There are six chicken sheds on the Land, with capacity for approximately 40,000 – 50,000 chickens.
The Investment is likely to result in economic benefits arising directly and indirectly from the installation of a solar energy system. The Applicant’s plans would result in:
Taking into account the size and characteristics of the Land, the OIO considers that: the Investors are suitable persons to invest in New Zealand and the overseas investment is likely to benefit New Zealand.
|More information||Ben Paterson
PO Box 8