|Toitū Te Whenua Land Information New Zealand
|27 April 2023
|Significant Business Assets and Benefit to New Zealand
Acquisition of securities in:
Acquisition of leasehold interest in approximately:
|IPP (NZ) Limited
United Kingdom (93.3%)
Various regions (6.7%)
New Zealand (100%)
The Applicant will acquire interests in the following New Zealand operational infrastructure projects:
Consent was granted to this investment as the Applicant met the investor test criterion and the investment is likely to result in benefit to New Zealand.
The main benefits to New Zealand are economic benefits as the investment is likely to result in enabling the PPP market to operate preventing stranded assets, developing the Rolleston College, and having fund for future school expansion projects and possibly other PPP projects. It is also likely to result in the promotion of government policy to address infrastructure deficit and of government's PPP strategy.
PO Box 8