Retirement village plan secures OIO approval

13th April 2026 By Staff Reporter | news@propertyticker.co.nz | @propertyticker

Lincoln Grange Limited has been granted consent to acquire an 8.3 hectares of freehold site at 1491 Springs Road, Lincoln, for a new retirement village development.

The Overseas Investment Office decision summary said the applicant is a joint venture between Assetz NZ Freedom LL Limited (80%) and Freedom Group Holdings Limited (20%).

The joint venture, which is linked to retirement village operator Freedom Lifestyle Group and backed by Australian (76%) and Singaporean (18%) capital, will build and operate a long-term accommodation facility on the currently vacant land.

The vendor of the land was Earlsbrook Residential, owned by Canterbury-based developer Carter Group.