| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 10 September 2025 |
| Pathway | Sensitive land – Benefit test |
| Investment | Acquisition of a freehold interest in approximately 0.76 hectares of sensitive land at 57B Puketaha Road, Puketaha, Hamilton. |
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | CDL Land New Zealand Limited Singapore 57% New Zealand 38% Various 5% |
| Vendors | Rajan Cherumala Varghese and Cristi Thomas New Zealand 100% |
| Background | The Applicant is a subsidiary of NZX-listed CDL Investments New Zealand Limited and is a residential property developer with investments throughout New Zealand. The land is currently used as a residential home. The Applicant will integrate the land with its adjoining land and will use both to carry out a residential and industrial development. Part of the land will be used to create one industrial lot. The remaining land area will be used for the arterial roading or stormwater network for the development. The main benefits to New Zealand are likely to include increased capital expenditure, and a more productive and efficient use of the land. Consent was granted as the Applicant has met the investor test criterion and the Investment is likely to benefit New Zealand. |
| More information | Andrew Petersen Bell Gully (Auckland) PO Box 4199 Auckland 1140 |