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 3 (of 20)
Decision Date 16 August 2023
Pathway(s) Residential Land Development- Increased housing (Standing consent)
Investment Acquisition of a freehold interest in approximately 0.2954 hectares of land at Superlot N28, Tonar Street, Northcote, Auckland.
Asset Value $886,950
Applicant Universal Homes
The People’s Republic of China (100%)
Vendor Kāinga Ora
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 third acquisition of land under the standing consent. The Consent Holder intends to construct 45 dwellings which will be sold as affordable residential homes. 19 of these dwellings will be KiwiBuild Homes.

The construction of these dwellings started in July 2022 with completion expected to be in November 2023. The Consent Holder expects some of the dwellings will be ready for sale in July 2023 with all dwellings anticipated to be sold by the start of 2024.

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