CDL Land New Zealand Limited
Case number(s)
Decision date

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

Decision maker Toitū Te Whenua Land Information New Zealand
Decision date 21 July 2023
Pathway(s) Sensitive land – Benefit test
Investment Acquisition of approximately 1.3410 hectares of sensitive land at 100 Gordonton Road, Puketaha, Hamilton, New Zealand.
Consideration $3,988,750

CDL Land New Zealand Limited
Singapore 57.4%
New Zealand 38.9%
Various 3.7%

Vendor David Bruce and Andrew George Etchells as Trustees of the Etchells Family Trust
New Zealand 100%

The Applicant is a residential property developer with investments throughout New Zealand. The Applicant is a subsidiary of NZX listed CDL Investments New Zealand Limited.

The land is currently used as a residential home and small building business. The Applicant owns adjoining land and will use both areas of land to carry out a residential subdivision development.

The land contains a stormwater culvert which the Applicant intends to upgrade to service this land, and its adjoining land.  This stormwater culvert upgrade will enable it to develop additional houses on its adjoining land.

The main benefits to New Zealand are likely to include retention of jobs,  increased investment for development purposes, increased efficiencies with the existing development, and support government policy relating to housing.

Consent was granted as the Applicant has met the investor test criterion and the benefit likely to occur as a result of the Investment will result in benefit to New Zealand.

More information

Andrew Petersen