| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision Date | 17 October 2016 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 5.0839 hectares of land at 230 Whitmore Road, Matakana. |
| Consideration | $4,950,000 |
| Applicant | Leonid Kiryakov Russia (100%) |
| Vendor | Brendan Michael Bourke, Jane Venessa Bourke and Jacobs Florentine Trustees Limited as trustees of the JV Bourke Family Trust 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 | Alan Lear Barrister Level 5 18 Shortland Street Auckland 1140 |