DecisionConsent granted
Section 12(a) Overseas Investment Act 2005
Decision MakerOverseas Investment Office
Decision Date10 July 2019
InvestmentAn overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 0.2650 hectares of land located at 37B Cobham Road, Kerikeri.
Consideration$253,500
ApplicantMetlifecare Limited
New Zealand Public (69.23%)
Australian Public (18.59%)
United States Public (6.37%)
Various overseas persons (5.81%)
VendorKerikeri R.S.A. Trust Fund Incorporated
New Zealand (100%)
Background

This consent has been granted in accordance with the increased housing test set out in Schedule 2(11) of the Act.

The Applicant is one of New Zealand’s largest retirement village operators. 

The land is residential (but not otherwise sensitive) land. 

The land will be incorporated into the adjoining Oakridge Villas retirement village (and will allow the construction of several new independent living units). 

More informationCamille Warnaar
P O Box 37 463
Auckland 1151