| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision Date | 17 February 2017 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 12.4110 hectares of land located at 704 Malaghan Rd, Speargrass Flat, Queenstown. |
| Consideration | $4,200,000 |
| Applicant | Timothy Andrew Roberts Australia (100%) |
| Vendor | Queenstown Corporation Limited Donald Fletcher, New Zealand (100%) |
| Background | The Applicant intends to migrate to New Zealand and reside in New Zealand indefinitely. The overseas investment transaction has satisfied the criterion in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | Catherine Reid Barrister catherine@catherinereid.co.nz |