| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 19 June 2025 |
| Pathway | Sensitive land - Residential land development (More than one purpose - One-off purchase) |
| Investment | Acquisition of a freehold interest in approximately 3 hectares of land located at 261-263 Studholme Road, Wanaka |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Tasman Tourism New Zealand Limited United Arab Emirates 90% Australia 10% |
| Vendors | Wanaka Top 10 Holiday Park (2020) Limited Andrea and Andrew Kendrick |
| Background | The Applicant is a joint venture between an Australian private equity firm (with experience in the holiday park industry) and an investment company based in United Arab Emirates. It owns and operates holiday parks in New Zealand under the ‘Tasman Holiday Parks’ brand. The Applicant is purchasing the Wanaka Top 10 Holiday Park, which provides short-term accommodation for both domestic and international tourists. The Applicant intends to maintain its current use. Consent was granted as the Applicant has met the investor test criterion and the Investment is likely to meet the incidental residential use and non-residential use tests. |
| More information | Simon Peart Chapman Tripp (Wellington) PO Box 993 Wellington 6140 |