| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 27 January 2026 |
| Pathway | Sensitive land - Residential land development (one off) |
| Investment | Acquisition of a freehold interest in 0.2729 hectares of land located at 8 - 12 Anderson Heights, Queenstown |
| Consideration | $6,400,000 |
| Applicant | Neo Anderson Limited Partnership Australia 64% United States of America 25% New Zealand 11% |
| Vendor | Robert Brunswick Robertson New Zealand 100% |
| Background | The Applicant is a New Zealand limited partnership with 15 limited partners, established for the sole purpose of acquiring the Land and completing a residential development. The Land currently has two dwellings on it. These will be demolished for the construction of 21 new townhouses which will be on-sold. This is a retrospective application as the Sale and Purchase Agreement was entered into, without it being conditional on receiving consent under the Overseas Investment Act 2005. The Applicant voluntarily reported the breach to LINZ, which was caused due to a misinterpretation of the Overseas Investment Regulations. Retrospective consent was considered to be appropriate given the inadvertent nature of the breach. Retrospective consent was granted as the Applicant has met the investor test criterion and the Investment is likely to result in one of the increased housing outcomes; being an increase in the number of residential dwellings constructed on the Land. |
| More information | Peter Sygrove Todd & Walker Law P O Box 124 Queenstown 9348 |
| Retrospective penalty | $30,000 |