| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | The Minister for Land Information and the Associate Minister of Finance |
| Decision Date | 21 July 2022 |
| Pathway(s) | Benefit to New Zealand (Benefit to New Zealand - Farm land) |
| Investment | 112.41 hectares of land located at 1261 and 1347 Rakaia Highway, Chertsey, Mid Canterbury |
| Consideration | Withheld under s.9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Agright New Zealand OpCo 3 Limited (Australia (53%); New Zealand (22.82%); Canada (10.57%); Luxembourg (9.09%); Cayman Islands (3.19%); USA (1.27%); Jersey (0.06%) |
| Vendor | Kiwi Free Range Limited (New Zealand 100%) |
| Background | The Applicant wishes to acquire approximately 112.41 hectares of land located at 1261 and 1347 Rakaia Highway, Chertsey, Mid Canterbury (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. The Applicant intends to build new infrastructure (chicken sheds), which will significantly increase the productive capacity of the farm. The Investment is likely to result in economic benefits arising directly and indirectly from the construction of the sheds. The Applicant’s plans would result in:
Taking into account the size and characteristics of the Land, the Ministers consider 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 Russell McVeagh PO Box 8 Auckland 1140 |
See the attached assessment report linked below, which was published in response to an Official Information Act request: