Decision Consent granted
Section 12(a) Overseas Investment Act 2005
Decision makerThe Minister for Land Information and the Associate Minister of Finance
Decision date11 September 2018
InvestmentAn overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 1,020.0694 hectares of land adjoining State Highway 1 near Wellsford including the  Springhill Farm  and a part of the Mahurangi Forest.
Consideration$21,600,000
ApplicantWaste Management NZ Ltd
China, People's Republic of (83.12%)
Hong Kong Public (16.88%)
Vendors

Matariki Forests
United States Public (64.935%)
Kingdom Public (12.0295%)
Luxembourg Public (10.136%)
Various overseas persons (8.577%)
Swedish Public (2.5025%)
Dutch Public (1.82%)

Springhill Estate Limited
New Zealand (100%)

Background

The Applicant is the largest operator in the New Zealand waste industry. It is acquiring the land for the purpose of developing a landfill to service Auckland City and the Auckland region. The landfill will be developed as a replacement facility for the Applicant’s existing Redvale landfill which is likely to reach capacity as early as 2026.

The Investment is likely to result in the creation and retention of jobs, enhancement of domestic services through the provision of a new landfill, the advancement of the Auckland Council’s strategies for future urban growth and the development of infrastructure and additional investment for development purposes through constructing of the landfill.

The Applicant also intends to provide walking access to the land along the Waiwhiu Stream.

More informationJohn Brown
Brown Partners Lawyers
P O Box 1496
Auckland 1140