The Overseas Investment Office has granted its consent to Neil Construction Ltd to buy 15.69ha at Whenuapai to continue its development programme.
Neil, one of New Zealand’s oldest property developers, has operated throughout the country since the 1950s but has required the office’s consent for sensitive land purchases since the Malaysian Tiong family bought the business in 1993.
These 3 lifestyle blocks are at Trig Rd & Brigham Creek Rd, Whenuapai.
Neil said it would spend $18 million developing them for a business park.
Attribution: Overseas Investment Office release.