Fletcher Residential Limited
Case number(s)
Decision date
Parent Decision
OI Case number

Notification of a transaction under a Standing Consent
Section 12(1)(a) and Section 13(1)(c) Overseas Investment Act 2005

Notification number  6 (of 15)
Decision date 13 September 2023
Pathway(s) Residential Land Development - Increased housing (Standing consent)
Investment Acquisition of a freehold interest in approximately 3.1585 hectares at 231 Flat Bush School Road, Flat Bush, Auckland.
Asset value $21,000,000

Fletcher Residential Limited
Australia (55.5%)
New Zealand (21%)
United States of America (13.3%)
United Kingdom (5.4%)
Various (4.8%)

Vendor His Majesty the King
New Zealand (100%)

The Consent Holder was granted a residential standing consent under the Increased Housing pathway on 3 March 2021. This permits the Consent Holder to acquire up to 200 hectares of land in up to 15 transactions by 31 December 2028.

This is the sixth acquisition of Land under the standing consent.

The Consent Holder intends to build 168 new residential dwellings over 3 stages, including 52 KiwiBuild dwellings.

The Consent Holder intends to complete 46 new dwellings in stage 1 by 31 January 2024 and the remaining dwellings in stages 2 and 3 by 31 December 2025.

More information

Greg Allen,
Simpson Grierson
151 Cambridge Terrace
City Central, Christchurch