| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 31 August 2026 |
| Pathway | Sensitive land - Residential land development (one off) |
| Investment | Acquisition of a freehold interest in approximately 0.291 hectares of land located at 2-10 St Georges Avenue, Queenstown. |
| Consideration | $5,200,000 |
| Applicant | TAG Trustees 2026-2 Limited Netherlands 100% |
| Vendor | Kingsview St George Limited |
| Background | The Applicant is ultimately owned by a property investor from the Netherlands. The land is currently bare and the Applicant intends to construct up to 12 residential dwellings 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 the residential land. |
| More information | Jaxon Grieve Lane Neave PO Box 2331 Christchurch 8140 |