| Decision | Consent granted Section 13(1)(b) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 12 December 2025 |
| Pathway | Significant business assets only |
| Investment | Establishment of a business being the development of purpose-built student accommodation which will be leased to the University of Auckland. |
| Consideration | $250,000,000 |
| Applicant | Stanley Limited Partnership Singapore 75% |
| Vendor | Precinct Properties Wynward Limited New Zealand 76% |
| Background | Entities either owned or managed by Keppel Limited., a Singapore-listed global asset manager and operator, are majority owners of the Applicant. The Applicant plans to establish a business being the development of purpose-built student accommodation which will be leased to the University of Auckland. Consent was granted as the Applicant has met the investor test criterion. |
| More information | Martin Thomson DLA Piper New Zealand |