Overseas investment decision for case 201510044 - Bloomsbury Stud (NZ) Limited | Toitū Te Whenua

Decision	Consent granted Sections 12(a) Overseas Investment Act 2005
Decision date	22 May 2015
Investment	An overseas investment in sensitive land, being Bloomsbury Stud (NZ) Limited’s acquisition of a freehold interest in approximately 8.6300 hectares of land at 44 Jeffery Road, Crown Tce, RD1, Queenstown.
Consideration	$225,000
Applicant	Bloomsbury Stud (NZ) Limited United Kingdom (100%)
Vendor	Robina Mary Bodle New Zealand (100%)
Background	The Applicant intends to use the land for the purpose of growing winter forage for the Woburn deer farmed on its adjoining property. The overseas investment transaction has satisfied the criteria in section 16 of the Overseas Investment Act 2005. The 'substantial and identifiable benefit to New Zealand' criteria were satisfied by particular reference to the following factors: Overseas Investment Act 2005 17(2)(a)(iv) – Greater productivity Overseas Investment Regulations 2005 28(e) – Previous investments 28(g) – Enhance the viability of other investments 28(j) – Oversight and participation by New Zealanders
More information	Andrew Petersen Bell Gully PO Box 4199 AUCKLAND 1140