PHOTO: SUPPLIED – An aerial view of Waiheke Island.

US billionaire Julian Robertson has Government and Overseas Investment Office consent to buy waterfront land on Waiheke Island for $18.9 million for another luxury lodge.

The final decision was made by the Minister for Land Information Eugenie Sage and Associate Minister of Finance David Parker.

Robertson has previously invested in hospitality ventures in New Zealand and has three luxury lodges – Kauri Cliffs near Bay of Islands, Cape Kidnappers in Hawkes Bay, and Matakauri at Queenstown.

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