Universal Homes
Case number(s)
Decision date
Notification Notification of a transaction under a Standing Consent
Section 12(1)(a) and Section 13(1)(c) Overseas Investment Act 2005
Notification number 2 (of 20)
Decision Date 16 August 2023
Pathway(s) Residential Land Development- Increased housing (Standing consent)
Investment Acquisition of a freehold interest in approximately 0.2754 hectares of land at 27 Henry Tayler Rise, Wainui, Auckland.
Asset Value $1,921,559.71
Applicant Universal Homes
The People’s Republic of China (100%)
Vendor Fulton Hogan Land Development Limited
New Zealand (100%)

The Consent Holder was granted a residential standing consent under the Increased Housing pathway on 3 April 2020. This permits the Consent Holder to acquire up to 21.5 hectares of land in up to 27 transactions by 3 April 2028.

This is the second acquisition of land under the standing consent. The Consent Holder intends to construct 13 dwellings which will be sold as residential homes.

The construction of these dwellings started in April 2023 with completion expect to be in October 2023. The Consent Holder estimates these dwellings will all be sold by the end of December 2023.

More information Matthew Ockleston
Dentons Kensington Swan
18 Viaduct Harbour Ave
Auckland 1010