| Decision | Consent granted Section 13(1)(c) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 17 February 2026 |
| Pathway | Significant business assets only |
| Investment | Acquisition of a freehold interest in: a) approximately 4.51 hectares of land located at the address: Southgate Shopping Centre, Corner Great South Road and Walters Road, Takanini, Auckland; and b) approximately 1.98 hectares of land located at the address: Hornby Mall, 6 and 14 Chappie Place, Hornby, Christchurch. |
| Consideration | $118,816,895 |
| Applicant | Centuria Funds Management (NZ) Limited Australia 100% |
| Vendors | Takanini Nominees Limited as bare trustee of the Takanini Nominees Joint Venture New Zealand 100% R & H Investments Limited New Zealand 100% |
| Background | Centuria Funds Management (NZ) Ltd is ultimately owned by Centuria Capital Limited, an ASX‑listed Australasian commercial property investment manager. Centuria Funds Management (NZ) Ltd is establishing a new investment fund to acquire two large format retail properties, Southgate Shopping Centre in Takanini, Auckland and Hornby Mall in Hornby, Christchurch. Consent was granted as the Applicant met the investor test criterion. |
| More information | Mark Nicholson Michael Cardy Chapman Tripp (Auckland) PO Box 2206 Auckland 1140 |