CPC International Investments LLC
Case number(s)
Decision date

Consent approved 
Section 12(1)(a) Overseas Investment Act 2005

Decision maker Toitū Te Whenua Land Information New Zealand
Decision date 15 March 2023
Pathway(s) Residential land development (More than one purpose - One-off purchase)
Investment 100% of the shareholding in Bayhill Functions Limited which is registered owner of 3.4310 hectares located at 243 Waitao Road, Western Bay of Plenty, contained in Record of Title SA71C/291 (the Land).
Consideration $1,976,472

CPC International Investments LLC

Vendor Global Investment Holding AS

The Applicant is a Delaware limited liability company, which is associated with the a Christian Church. The entity to be acquired is Bayhill Functions Limited, a New Zealand company registered as a charitable entity. This entity owns the Land, which contains residential land and two residential properties.

The Applicant intends to continue with the existing lease agreement in place for use of the function area and supporting amenities on the Land. The Applicants primary reason for the acquisition is to consolidate assets affiliated with the Church.

LINZ is satisfied that the investor test has been met and that the incidental residential use and non-residential use outcomes are likely to occur on the Land.

More information

Christina Lefever  
Lefever Law  

Retrospective penalty $20,000