| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 30 October 2025 |
| Pathway | Sensitive land - Benefit test |
| Investment | A leasehold interest in approximately 1.6905 hectares of land located at 17 Yewlett Crescent, Frankton, Queenstown - Driftaway Queenstown Holiday Park |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Hampshire (NZ) Limited Australia 100% |
| Vendor | BRG Queenstown Limited New Zealand 100% |
| Background | The Applicant is a New Zealand company owned by AZZ Pty Limited, an Australian company operating holiday parks in Australia and New Zealand. The Investment is currently used as a holiday park. The Applicant plans to develop the park through proposed capital upgrades. The main benefits to New Zealand are likely to be increased capital expenditure, job creation and advancement of the Government's tourism strategy. Consent was granted as the Applicant met the investor test criterion and the investment is likely to benefit New Zealand. |
| More information | Catherine Reid, Barrister catherine@catherinereid.co.nz |
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