| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 21 May 2025 |
| Pathway | Sensitive land - Farm land benefit test |
| Investment | Acquisition of a freehold interest in approximately 18 hectares of land at 166 Mere Road, Fernhill, Hastings. |
| Asset value | $3,000,000 |
| Applicant | Holcim (New Zealand) Limited Switzerland 42% North America 24% United Kingdom 9% Europe 9% Various 16% |
| Vendor | Saint Clair Estate Wines Limited New Zealand 100% |
| Background | The Applicant is ultimately owned by Holcim Limited. Both the Applicant and Holcim Limited are part of the Holcim Group, a Swiss multinational company, which manufactures buildings materials. The land has been used for viticultural purposes. The Applicant intends to convert the land into a quarry, extracting and removing rock, gravel and sand aggregates. The newly developed quarry will support its existing quarry which is adjacent to the land. Once quarrying operations have ceased on the land, the land will be rehabilitated. The main benefits to New Zealand are likely to include retention of jobs and supporting the government's transport policy. Consent was granted as the Applicant have met the investor test criterion, and the Investment is likely to benefit New Zealand. |
| More information | Ben Paterson Anna Crosbie Russell McVeagh (Auckland) PO Box 8 Auckland 1140 |