The investment office describes the "sensitive land" as 5ha in Rosebank Rd in Auckland and 2.2ha of land in Cumberland St in Dunedin; assets worth collectively "in excess of $100 million".
In a hard-fought five-month battle, Kraft's initial offer of 7.45 ($NZ16) per share was eventually edged up to 8.50 per share before Cadbury management grudgingly accepted the takeover of the 186-year-old British chocolate maker.
Concerns were raised at the time about the future of Dunedin's Cadbury plant, with the loss of 160 jobs in 2009 following a $51 million mid-2008 manufacturing investment, but also that Kraft is renowned for its aggressive cost-cutting practices.
In its application to the investment office, Kraft said the Asia-Pacific region had been identified as an area with "growth potential".
"If this ambition [the Cadbury takeover] is realised, jobs will likely be created or retained."
Other reasons in support of Kraft's application included the likelihood of New Zealand benefiting from improved relations with the US and if the consent was declined it would likely "adversely affect" New Zealand's international business image.
The investment office granted the consent for several reasons, including creation/retention of jobs, the effect on international relations and previous investments.
