Transitional Exemption Certificate for Large Apartment Development
This transitional exemption certificate (Certificate) is granted under Schedule 1AA, clause
6 of the Overseas Investment Act 2005 (Act).

Case number

201810198

Decision date

23 November 2018

Development

10-12 Commerce Street, Auckland Central Business District,
as defined in the Appendix.

Expiry Date

22 August 2023.

Developer

Hengyi (10-12 Commerce) Limited Partnership

The following details are not conditions of the Certificate but describe its scope and limits.
Details
Eligible dwellings
1. This Certificate applies to 100% of the new dwellings in the Development (being only
residential (but not otherwise sensitive) land).
2. This Certificate does not apply to any dwelling that was completed prior to 22 August
2018.
(A dwelling is new if that dwelling was not completed at 22 August 2018).
Permitted Vendor(s)
3. A person may acquire residential (but not otherwise sensitive) land from the
Developer in reliance on this exemption as the first sale of that land.
Transactions
4. A person must acquire any land in reliance on this exemption before the Expiry Date.

 Appendix - Development
1.

This transitional exemption certificate applies to the development, being
approximately 0.1392 hectares comprised of computer freehold register 815811, Lot 1
DP 519386.

2.

The following image indicates the boundaries of the development.

3.

If there is any inconsistency between the boundary in the image and the land area as
defined in certificates of title, the land area prevails.