Overseas investment decision for case 201710093 - Huimei Investment (NZ) Pty Limited | Toitū Te Whenua

Decision	Consent granted Section 12(a) Overseas Investment Act 2005
Decision Maker	The Minister for Land Information and the Associate Minister of Finance
Decision Date	30 May 2018
Investment	An overseas investment in sensitive land, being the Applicant’s acquisition of a freehold interest in approximately 206 hectares of land at Tumbledown Bay Road, Port Underwood, Marlborough (“Land”).
Consideration	$1,600,000
Applicant	Huimei Investment (NZ) Pty Limited Zhiqiang Lu, China, People's Republic of (99.545%) Shandong Huimei Real Estate Co., Ltd, China, People's Republic of (0.4002%) Public of the People's Republic of China (0.0548%)
Vendor	New Zealand Forestland Limited Angus Malcom, New Zealand (50%) Gerard Malcolm and Wen Fang (as Trustees of the Malcolm and Fang Family Trust, New Zealand (50%)
Background	The Applicant is a company formed for the purposes of undertaking forestry activities in New Zealand. The Land is a forestry block planted in pine and the Applicant intends to acquire the Land to continue forestry operations. The Land also contains significant historical and scenic sites including an historic whaling station. The Applicant intends to implement extensive mechanisms to protect (and educate the public about) the historic nature of the Land and help protect (and provide walking access to) the indigenous flora or fauna on the Land.
More information	Peter Sygrove Chapman Tripp PO Box 2206 AUCKLAND 1140