Applicant
Germinal Holdings New Zealand Limited
Case number(s)
202200246
Decision date
Type
Decision
DecisionConsent granted
Section 12(1)(a) Overseas Investment Act 2005
Decision makerToitū Te Whenua Land Information New Zealand
Decision date16 November 2022
Pathway(s)Benefit to New Zealand (Benefit to New Zealand - Farm land)
InvestmentAcquisition of freehold interest in approximately 4.1134 hectares at Tancreds Road, Lincoln, Canterbury
Asset value$775,000
ApplicantGerminal Holdings New Zealand Limited
United Kingdom (100%) 
VendorBroadfield Farm Limited
New Zealand (100%)
Background

The Applicant is a New Zealand incorporated company.  It is a plant breeding, seed production, marketing and distribution company, which develops products for the livestock industry. It is ultimately owned by Germinal Holdings, incorporated in Northern Ireland.  The Applicant is acquiring the Land primarily to use as a site for forage variety testing and plant breeding.

The investment is likely to result in new jobs, increased productivity, and advancement of the government’s economic and environmental policies.

Taking into account the size and characteristics of the Land, Toitū Te Whenua LINZ is satisfied that the benefit to New Zealand will be substantial and identifiable. The Applicant has met the investor test under the Act.

More informationGlenn Shewan
Bell Gully (Auckland)
PO Box 4199
Auckland 1140

See the attached assessment report linked below, which was published in response to an Official Information Act request:

Overseas investment assessment report for Germinal Holdings New Zealand Limited

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