| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 8 April 2026 |
| Pathway | Sensitive land - Benefit test |
| Investment | Acquisition of freehold interests in approximately 6.7 hectares of land located at 41 Harsant Avenue, Hahei, and approximately 0.25 hectares of land located at 7 Bankart Street, Raglan. |
| Consideration | Withheld under s9(2)(b)(ii) the Official Information Act 1982 |
| Applicant | Tasman Tourism New Zealand Limited United Arab Emirates 90% Australia 10% |
| Vendor | Hahei Beach Limited New Zealand 100% |
| Background | The Applicant is a joint venture between an Australian private equity firm (with experience in the holiday park industry) and an investment company based in United Arab Emirates. It owns and operates holiday parks in New Zealand under the ‘Tasman Holiday Parks’ brand. The land is currently used as a holiday park (Hahei) and as a motel (Raglan). The Applicant is acquiring the land along with the assets of the Hahei Beach Resort and the Raglan Sunset Motel which it will continue to operate as resort and hotel businesses. The main benefits to New Zealand are likely to be increased capital expenditure, greater productivity of the land, and advancement of the Government’s tourism strategy. The Applicant was subject to a national interest assessment as the Applicant is a non-New Zealand government investor. Consent was granted as the Applicant has met the investor test criterion and the investment is likely to benefit New Zealand. The Minister of Finance has decided that the investment is not contrary to New Zealand’s national interest. |
| More information | Simon Peart Chapman Tripp (Wellington) PO Box 993 Wellington 6140 |