| Decision | Consent granted Section 12(1)(a), section 13(1)(b) and section 13(1)(c) of the Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 31 March 2026 |
| Pathways | Significant business assets – Primary consent Sensitive land – Primary consent |
| Investment | Acquisition of a leasehold interest for a term of approximately 21 years in approximately 26.5 hectares of land located at Waikeria Road, Waikeria (Otorohanga). Acquisition of significant business assets for the development and construction of an expansion to the Waikeria Prison as well as the establishment of a new business for the purpose of delivering the expansion works. |
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Cornerstone Infrastructure Partners Group (CIP) and SPV2 Spain 38% Netherlands 30% Japan 30% United States of America 2% |
| Vendor | His Majesty the King (acting by and through the Chief Executive of the Department of Corrections) New Zealand 100% |
| Background | CIP and SPV2 (once established) are owned by Pacific Partnerships Pty Ltd, Sojitz Capella Corporation 2 B.V. and Waikeria B.V., all entities involved in public private partnership developments. CIP had an agreement with the Department of Corrections to finance, design and construct the Waikeria Prison facility which was completed in 2025. SPV2 is to be established for the purposes of carrying out the expansion works at Waikeria Prison. The expansion works comprise three accommodation buildings, an additional court audio visual suite, a new perimeter wall and new in‑ground services. Consent was granted as the national interest test was met. |
| More information | Bede Maher Anderson Lloyd (Auckland) PO Box 399 Shortland Street Auckland 1140 |