| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 13 March 2026 |
| Pathways | Sensitive land – Residential land development (One-off purchase – Incidental residential use, Non-residential use) |
| Investment | Freehold and/or leasehold interests in residential properties of approximately:
|
| Consideration | The consideration payable will be dependent on each transaction |
| Applicant | NZ Healthcare Holdco Limited Australia 70% South Korea 18% New Zealand 5% Various Regions 7% |
| Vendors | New Blue Sky Investment Limited ABT Property Limited, Housing New Zealand Limited ABT Property Limited Anaesthesia Trustee Limited Ironclad Investments Limited Evolution Rehab Limited Clifford Dean Harwood Allyson Joy Harwood and Brian John Law, Rachel Jane O'Shaughnessy and Dermot Joseph O'Shaughnessy Brad Cameron Wallis, Gemma Margaret McDonald |
| Background | The Applicant is ultimately 77% owned by two Australian investment fund groups. The Applicant is the ultimate owner of ABI Rehabilitation New Zealand Limited, Evolution Rehab Limited, Proactive Occupational Health Limited and Proactive Rehab Limited (Subsidiaries) which provide community rehabilitation and healthcare services to patients. The Subsidiaries already hold freehold or leasehold interests in the residential properties. The use of the land will not change as a result of the transactions. The Applicant has been granted consent to enable the Subsidiaries to enter into longer term leases or acquire freehold interests in these properties (should the opportunity arise) within the next 5 years. Consent was granted as the Applicant has met the investor test criterion and the investment is likely to result in either non-residential use or incidental residential use of the land. |
| More information | Tessa Baker Chapman Tripp (Auckland) PO Box 2206 Auckland 1140 |