Toda Asia Pacific Pte. Ltd
Case number(s)
Decision date
DecisionConsent granted
Section 12(1)(a) and Section 13(1)(a) Overseas Investment Act 2005
Decision makerToitū Te Whenua Land Information New Zealand
Decision date16 April 2024
Pathway(s)Sensitive land – Residential land development (one off) and Significant Business Assets
InvestmentAcquisition of 51% of the shares in Coherent Hotel Limited and of a freehold interest in approximately 1.6987 hectares of land at 139 Fernhill Road in Queenstown
Asset value$100,000,000
ApplicantToda Asia Pacific Pte. Ltd
Japan 100%
VendorPerfect Match Investments NZ Limited
Indonesia 100%

The Applicant is a wholly owned subsidiary of Toda Corporation. The Applicant invests in construction and engineering projects in the Asia Pacific Region.

Part of the land is currently used as a hotel complex. Coherent Hotel Limited will use the remaining part of the land to extend the existing hotel complex. Coherent Hotel Limited intends to build 19 accommodation facilities and a central building that will incorporate a wellness centre, a meeting/conference area, and a restaurant.

Consent was granted as the Applicant has met the investor test criterion and the non-residential use outcome.

More informationGreg Allen
Simpson Grierson (Auckland)
Private Bag 92518
Auckland 1141