Applicant
General Distributors Limited
Case number(s)
201900213/6
Decision date
Type
Notification
Parent Decision
OI Case number
201900213
NotificationNotification of a Transaction under a Standing Consent
Section 23A and Schedule 4(2) Overseas Investment Act 2005 – standing consent – residential land
Notification number6/10
Date19 December 2023 
Consideration$6,065,500
Consent HolderGeneral Distributors Limited 
Australian Public (99%)
Various (1%)
VendorDragon Win Investments Limited
Background

The Consent Holder was granted a residential standing consent under the non-residential use pathway. The standing consent permits the Consent Holder to acquire up to 75 hectares of residential (but not otherwise sensitive) land in up to 10 transactions with a maximum of 15 hectares per transaction by 1 December 2024.

In this 6th transaction under the standing consent the Consent Holder acquired approximately 1.0664 hectares of land at 484 – 494A Madras Street, Christchurch to use to build and operate a supermarket. 

More informationSam Nelson 
Lane Neave
PO Box 701
Christchurch 9348

See the attached Assessment report linked below, which was published in response to an Official Information Act request:

Overseas Investment assessment reports - General Distributors Limited, Fletcher Residential Limited and Vivid Living Limited

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