Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
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Decision Maker | Overseas Investment Office |
Decision Date | 2 September 2021 |
Pathway(s) | Residential land development (Increased housing - One-off purchase) |
Investment | An overseas investment in residential (but not otherwise sensitive) land, being approximately 0.4326 hectares of freehold land at 157 Oteha Valley Road, Auckland. |
Asset Value | $6,200,000 |
Applicant | Wankuan Li China, People’s Republic of (100%) |
Vendor | Jebel Number 1 Limited New Zealand (100%) |
Background | The Applicant is an experienced civil engineer with some experience undertaking residential developments in New Zealand and overseas, and has met the investor test. The Applicant intends to acquire the land to construct 20 terraced houses to increase the number of residential dwellings constructed on the Land. We consider the investment is likely to:
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More information | Alan Lear Alan Lear, Barrister PO Box 3705 Auckland 1140 |