Fletcher Residential Limited and Vivid Living Limited
Case number(s)
Decision date
DecisionConsent granted
Sections 12(a) and 23A Overseas Investment Act 2005
Decision makerToitū Te Whenua Land Information New Zealand
Decision date24 January 2024
Pathway(s)Standing consent (residential) - Increased housing and Non-residential use)
InvestmentOverseas investments yet to be made in residential (but not otherwise sensitive) land
ConsiderationNot yet determined 
ApplicantFletcher Residential Limited and Vivid Living Limited
Australia (45%)
New Zealand (26%)
United States of America (18%)
Various (11%)
VendorNot yet determined

A standing consent has been granted to two subsidiaries of Fletcher Building Limited:

  • Fletcher Residential Limited is a residential housing developer that acquires residential land to develop into residential housing. 
  • Vivid Living Limited develops and operates retirement villages.

This standing consent will permit the Applicants to acquire up to 200 hectares of residential (but not otherwise sensitive) freehold land located in the Auckland, Canterbury and Waikato regions by 31 January 2027. The land may be used for up to 15 developments.

The Applicants must develop new residential dwellings, which may include retirement villages and “build-to-rent” developments. The Applicants may also put land to non-residential use in support of these developments.

The Applicants and their associates must not occupy land acquired under this standing consent.

The Applicants must ultimately sell all land acquired under this standing consent, other than land used for non-residential purposes, for retirement villages, or for build-to-rent developments. 

More informationTara Wylie 
Simpson Grierson (Auckland)
Private Bag 92518
Auckland 1141

See the attached Assessment report linked below, which was published in response to an Official Information Act request:

Overseas Investment assessment reports - General Distributors Limited, Fletcher Residential Limited and Vivid Living Limited

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