The Royal Auckland & Grange Club will host the Japan-Australasia Championship on March 5-8.
It is the first tournament to be co-sanctioned by the Australasian and Japan tours, and will bring men's professional golf back to Auckland for the first time since Gulf Harbour, now closed, hosted the New Zealand Open in 2006.
The Japan-Australasia Championship will coat-tail on the New Zealand Open at Millbrook (February 26-March 1) and the New Zealand PGA at Paraparaumu Beach (February 19-22) to complete a nice Kiwi road swing for touring professionals.
Significantly, the new tournament’s full co-sanctioning with the Japan tour will mean even more top-class golfers from that tour will look to play in New Zealand.
The Open is co-sanctioned by the Australasian and Asian tours but also has an arrangement to open 20 spots for golfers from the Japan tour.
"It will certainly assist us with getting the best Japanese players to Millbrook," Glading told the Otago Daily Times.
"We’ve been doing that anyway but it just means those Japanese guys are able to travel here and play in more than one event.
"So in terms of field composition, it’s going to be very good for us. It’s a positive, because we can keep attracting better and better players."
The New Zealand Open remains the premium tournament in the country with a prize purse of $2 million.
The Royal Auckland tournament will have a purse of about $1.37m.
ISPS Handa, the former naming sponsor of the New Zealand Open, is backing the Japan-Australasia Championship.
"We are delighted to support this first-ever co-sanctioned tournament partnership between the Japan Golf Tour and the Challenger PGA Tour of Australasia," Dr Haruhisa Handa said.
"The relationship between Japan and Australasia is vitally important, and we are very pleased to help foster it through this championship.
"We look forward to welcoming players and fans from across the Pacific to celebrate the spirit of golf together at such a wonderful venue."
PGA of Australia boss Gavin Kirkman hailed the new event as a significant milestone for golf in the region.
"This tournament represents an exciting new chapter for golf in our part of the world," Kirkman said.
"Partnering with the Japan Golf Tour for the first time is a tremendous opportunity to strengthen ties between our tours and provide our players with a truly international stage.
"New Zealand has a rich golfing heritage, and bringing tournament golf back to Auckland is something we’re immensely proud to support."
Meanwhile, Glading said the field for the 105th New Zealand Open at Millbrook, which again offers the giant carrot of earning a spot at the British Open, was gradually coming together.
The tournament attracts 156 professionals and 156 amateurs playing in the pro-am format.
"There is always a lot that happens quite late," Glading said.
"The Japan Tour literally just finished its order of merit last week, as did the Asian Tour, so a lot of players didn’t even know if they were going to be securing their tour card.
"It’s starting to fall into place, put it that way.
"I’ve had the expressions of interest, I’ve been to Japan, I’ve been to Singapore and I’ve been to Australia, so I know who is likely and who is not, and we’ll get a real feel for it come early January."
Leading New Zealand golfers Daniel Hillier, Steven Alker, Kazuma Kobori and local hero Ben Campbell have all confirmed they will be at Millbrook.
Michael Hendry, in 2017, is the only New Zealander to have won the Open since Dunedin great Mahal Pearce’s stunning win in 2003.
Australian bikie-turned-golfer Ryan Peake won the tournament earlier this year.
