201900676
Executive summary
The Applicant seeks consent under the Overseas Investment Act 2005 to acquire
the following sensitive land:
•
a leasehold interest in 5.6693 hectares of non-urban sensitive land1 at 535
Papamoa Beach Road, Tauranga; and
•
a leasehold interest in 2.3415 hectares of non-urban sensitive land2 at 15 ACT
Beach Road, Waihi Beach.
The Applicant intends to own and operate a portfolio of holiday parks in New
Zealand. It intends to establish itself as the first corporate player in the NZ holiday
parks sector providing tourist accommodation via unpowered and powered sites and
cabins. It plans to upgrade facilities and manage the parks in an integrated manner.
This report details two related applications, to which different tests apply:
•
Papamoa Park (202000202) (the
Papamoa Park application) requires the
Applicant to show substantial and identifiable benefit to New Zealand; and
•
Waihi Park (201900676) (the
Waihi Park application) requires the
Applicant to show benefit to New Zealand.
INFORMATION
A third holiday park (Beachaven Park, also located in Waihi Beach) was acquired as
part of the Wahi Park sale agreement. The Beachaven acquisition does not require
consent under the Act, as it does not involve sensitive land. It is referred to this
report for completeness, and because some of the additional investment will take
place there.
Papamoa Park (outlined in red and marked ‘3.1-3.2’ below) is a holiday park in
Tauranga, catering to both domestic and international tourists. It is one of the largest
privately owned holiday parks in New Zealand. The vendor has a 30 year lease over
the property (which comprises 5.6693 hectares of land) from the Tauranga City
Council. The current lease commenced on 1 July 2014.
RELEASED UNDER THE OFFICIAL
Figure 1 - Papamoa Park
1 The land is sensitive because: it is non-urban land over 5 ha; it is land that the district plan provides is to be used as a reserve,
park or for recreation purposes; it adjoins land listed as a reserve or public park; and it adjoins land that adjoins the sea.
2 The land is sensitive because: it is land that the district plan provides is to be used as a reserve, park or for recreation
purposes; and it adjoins land listed as a reserve or public park.
Case 201900676 – Page 5
