| Decision | Consents granted Sections 12(1)(a) and 12(1)(b) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 17 November 2025 |
| Pathway | Sensitive land - Farm land benefit test |
| Investment | Acquisition of up to 25.15% shares in Datagrid Holding Group General Partner Pte. Ltd which increases its indirect interest in sensitive land Acquisition of freehold interests in approximately 9.63 hectares of land in Makarewa and Lorneville, Southland |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicants | DG Founders General Partner Pte. Ltd and Datagrid New Zealand Limited Partnership New Zealand 44% France 31% Austria 25% |
| Vendors | BW Digital Pte. Ltd. Austria 100% Hollyburn Developments Limited Lindsay John Wilson and Glenda Elizabeth Wilson as trustees of the Hollyburn Family Trust New Zealand 100% |
| Background | DG Founders General Partner Pte. Ltd is ultimately majority owned by the Galasso Family Trust, the trustees of which are French citizen Mr Rémi Galasso and his wife Ms Mania Marion Mosafer-Galasso, a New Zealand citizen. Together with Singaporean company BW Digital Pte. Ltd, it is developing a hyperscale data centre park in Makarewa, Southland through Datagrid New Zealand Limited Partnership. DG Founders General Partner Pte. Ltd is buying from BW Digital all its interests in the partnership. It intends to continue with the development and operation of the hyperscale data centre park. Datagrid New Zealand Limited Partnership is also buying 9.63 hectares of land in Southland which adjoins land it owns for construction of the data centre to be used as an access road for it. The benefits likely to occur include economic benefits include increasing New Zealand’s data processing capacity, increasing diversity and resilience of international connectivity, and adding competition in the data centre industry. It will also likely to result in significant capital expenditure and job creation. Consent was granted as the Applicants met the investor test criterion and the investment is likely to benefit New Zealand. |
| More information | Sam Kember Russell McVeagh (Auckland) PO Box 8 Auckland 1140 |