| Decision | Consent granted Sections 12(a) and 23A Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 23 September 2025 |
| Pathway | Residential land development (Standing Consent) |
| Investment | Overseas investments to be made in residential (but not otherwise sensitive) land |
| Applicant | Metlifecare Limited 100% owned by EQT Partners Infrastructure Fund IV, which is 100% overseas owned. No one entity holds more than 5% of this fund |
| Vendor | Not yet determined |
| Background | The Applicant is a retirement village operator with 36 villages in New Zealand. It has applied for a standing consent to buy residential land to develop new retirement villages and expand its existing retirement villages. This standing consent will permit the Applicant to acquire up to 300 hectares of residential (but not otherwise sensitive) land across New Zealand by 30 September 2028. The land may be used for up to 20 developments. This is the third standing consent granted to the Applicant. The Applicant must use the land to develop new residential dwellings as part of retirement village developments. The land may also be used for non-residential or incidental residential use in support of these developments. |
| More information | Elena Chang Bell Gully (Auckland) PO Box 4199 Auckland 1140 |