| Notification | Notification of a transaction under a Standing Consent Section 23A Overseas Investment Act 2005 |
|---|---|
| Notification number | 5 (of 27) |
| Decision date | 10 March 2025 |
| Pathway | Sensitive land – Residential land development – (standing consent) |
| Investment | Acquisition of a freehold interest in approximately 0.1891 hectares of Land at 57, 59 and 61 Hendon Avenue, Owairaka. |
| Consideration | $2,080,100 |
| Consent holder | Universal Homes The People’s Republic of China 100% |
| Vendor | Kainga Ora - Homes and Communities |
| Background | The Consent Holder was granted a residential standing consent under the increased housing test on 3 April 2020. This permits the Consent Holder to acquire up to 21.5 hectares of land in up to 27 transactions by 3 April 2028. This is the fifth acquisition of land under the standing consent. The Consent Holder intends to construct 11 terraced dwellings which will be sold as residential homes. The construction of these dwellings will commence in 2025 with completion and on-sale expected to be in 2026. |
| More information | Matthew Ockleston Dentons Kensington Swan 18 Viaduct Harbour Ave Auckland 1010 |