Decision | Consent Granted |
|---|---|
Decision Maker | Overseas Investment Office |
Decision Date | 2 July 2018 |
Investment | An overseas investment in sensitive land, being the Applicant's acquisition of:
|
Consideration | $28,000,000 |
Applicant | Southern Ranges Limited |
Vendor | Mt White Station Limited |
Background | Lukas Travnicek, the sole legal and beneficial owner of the Applicant, is a New Zealand Permanent Resident Visa holder. The investment is the acquisition of a freehold interest in approximately 678 hectares of sensitive land and a crown pastoral lease in approximately 39,336 hectares, commonly known as Mount White Station. Lukas Travnicek and his family have previously resided in New Zealand. However, at the time of submitting the application for consent to purchase sensitive land, Mr Travnicek and his family were in his country of birth so that his daughters could re-connect with family, culture and the language, therefore making him an overseas person. Mr Travnicek has satisfied the OIO, through providing definite plans with supporting evidence that he intends to return to New Zealand and reside in New Zealand indefinitely. Overseas persons intending to reside in New Zealand indefinitely are not required to show that their investment in sensitive land is likely to benefit New Zealand. This supports migrants in the process of moving to New Zealand to make New Zealand their home. |
More information | Catherine Reid |