Applicant
McDonald's Restaurants (New Zealand) Limited
Case number(s)
202100805
Decision date
Type
Decision
Decision Consent granted
Section 12(a) Overseas Investment Act 2005
Decision Maker Overseas Investment Office
Decision Date 6 May 2022 
Pathway(s) Residential land development (Non-residential use - One-off purchase)
Investment Acquisition of 0.2866ha of land located in Silverdale, Auckland 
Asset Value Withheld under s9(2)(b)(ii) of the Official Information Act 1982 
Applicant McDonald's Restaurants (New Zealand) Limited
United States of America (27.67%)
Norway (1.03%)
Various (71.30%) [1]
Vendor Build Rich Limited
Background

The Applicant has been granted consent to acquire the Land to construct and operate a new McDonald’s restaurant. The Applicant is ultimately owned by McDonald's Corporation, a company publicly listed on the New York Stock Exchange. The restaurant is expected to be operational in 2023.

The Land is currently being subdivided by the Vendor. It is vacant undeveloped land.  

This consent has been granted in accordance with the Non-residential use test set out in Schedule 2 of the Act.

More information Anna Hickmott 
Greenwood Roche (Auckland)
PO Box 106006
Auckland

[1] These percentages pertain to the geographical locations of the top 10 largest owners of McDonald's Corporation as at 6 May 2022. The top 10 owners hold 28.70% interest in McDonald's Corporation.