| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 17 January 2024 |
| Pathway(s) | Residential land development (Non-residential use - One-off purchase) |
| Investment | Acquisition of a leasehold interest in two cross-lease residential units at 1/24 and 2/24 Kipling Avenue, Epsom, Auckland |
| Consideration | $1 |
| Applicant | Endoscopy Auckland Limited New Zealand (52%) Australia (41%) South Korea (7%) |
| Vendor | Vital Healthcare Property Limited New Zealand (100%) |
| Background | The Applicant is a joint venture between Evolution Healthcare NZ Limited and Integrated Hospitals Limited. They provide healthcare services in New Zealand. The units on the Land are currently used as site offices to support the healthcare facility located at 148 Gillies Avenue, Auckland. They will be demolished and replaced by a carpark for use by staff and patients to support the existing healthcare facility and a new healthcare facility to be built at 22 Kipling Avenue. Consent was granted as the Applicant met the investor test and the non-residential use test. |
| More information | Rachael Chappell Russell McVeagh (Auckland) PO Box 8 Auckland 1140 |