| Decision | Consent Granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 13 November 2023 |
| Pathway(s) | Sensitive land – Residential land development (one-off) |
| Investment | Acquisition of four leasehold interests in approximately 5.5 hectares of land across Auckland. |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Evolution Healthcare NZ Limited Australia 73% South Korea 17% New Zealand 6% Various 4% |
| Vendor | Alan Maxwell Cavit and Eight Plus Family Trust Limited |
| Background | The Applicant is part of the Evolution Group. It operates a range of private surgical and related healthcare services in New Zealand and Australia. The Applicant is acquiring 100% of the shares in ABI Rehabilitation New Zealand Limited. The land comprises four separate records of title across Auckland which are currently used for rehabilitation of acquired brain injury patients. The use of the land will be unchanged following the acquisition. Consent was granted to this investment as the Applicant met the investor test criterion and the investment is likely to result in an incidental residential outcome. |
| More information | Tessa Baker Chapman Tripp (Auckland) PO Box 2206 Auckland 1140 |
See the attached Assessment report linked below, which was published in response to an Official Information Act request:
Evolution Healthcare NZ Limited application for Overseas Investment Act consent