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 18 September 2023
Pathway(s) Sensitive land – Benefit test
Investment Acquisition of a freehold interest in approximately 26.7959 hectares of sensitive land at 358 and 358E Worsleys Road, Christchurch, New Zealand
Consideration $5,537,200

CDL Land New Zealand Limited
Singapore (57.4%)
New Zealand (38%)
Various (4.6%)

Vendor Oxford Finance Limited
New Zealand (96%)
Various (4%)

The Applicant is a subsidiary of NZX listed CDL Investments New Zealand Limited. It undertakes residential subdivision developments throughout New

The land is currently bare land. The Applicant intends to use the land to carry out a residential subdivision development that will create new sections to support 60 additional housing units.

The main benefits to New Zealand are likely to include retention of jobs, increased investment for development purposes, and support of 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
Bell Gully (Auckland)
PO Box 4199
Auckland 1140