| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 18 May 2026 |
| Pathway | Sensitive land - Residential land development (one-off) |
| Investment | Acquisition of freehold interests in approximately 0.2932 hectares of land at 78, 80 & 82 Thompson Street, Queenstown |
| Consideration | $8,100,000 |
| Applicant | Thompson St Developments Limited Switzerland 80% New Zealand 20% |
| Vendors | Buena Vista (2006) Limited as trustee for the Buena Vista Trust Edouard Rabat |
| Background | The Applicant is a New Zealand company ultimately majority beneficially owned by Swiss citizen Daniel Siebier. The land currently contains three residential dwellings. The Applicant intends to develop the land into a 41-unit residential apartment complex to on-sell. 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 the increase in the number of residential dwellings constructed on residential land. |
| More information | Nicky Jenner Todd Walker PO Box 124 Queenstown 9348 |