| Notification | Section 23A Overseas Investment Act 2005 |
|---|---|
| Notification number | 8 of 25 |
| Decision date | 20 September 2024 |
| Pathway | Residential Land Development- Increased housing (standing consent) |
| Investment | Acquisition of a freehold interest in approximately 0.0865 hectares of residential land at 42 Lakings Road, Springlands, Blenheim, Marlborough. |
| Consideration | $1,400,000 |
| Consent holder | Metlifecare Retirement Villages Limited |
| Vendors | Elizabeth Clara Stipkovits and Anthony Michael Hay |
| Background | The consent holder was granted a standing consent on 20 July 2022, which was varied on 11 August 2022, under the increased housing, non-residential use and incidental residential use pathways. The standing consent permits the consent holder to acquire up to 300 hectares of residential (but not otherwise sensitive) land in up to 25 transactions with a maximum of 25 hectares per transaction by 20 July 2027. This is the eighth acquisition of land under the standing consent. The consent holder will develop the land, together with other properties surrounding the land, as part of the development of 24 new retirement units within the next 2 years. |
| More information | Andrew Petersen |