| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision Date | 19 January 2016 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 47.6970 hectares of land at Lot 3 Mataka Station, Purerua Pennisular, Bay of Islands. |
| Consideration | $1,400,000 |
| Applicant | Bernard Jean Sabrier Switzerland (100%) |
| Vendor | Laurent Esquier United States of America (100%) |
| Background | The Applicant intends to acquire the land to preserve and enhance the natural environment in the vicinity of the properties he already owns at Mataka Station. The Applicant will make a donation to the Bay of Islands International Academy which will help address the school’s critical needs – namely the support of priority learners and special needs students, and the preservation of a languages programme in Te Reo Maori and Spanish. The overseas investment transaction has satisfied the criteria in section 16 of the Overseas Investment Act 2005. The 'substantial and identifiable benefit to New Zealand' criteria were satisfied by particular reference to the following factors: Overseas Investment Regulations 2005 |
| More information | Jeff R Morrison Jeff Morrison & Associates Limited P O Box 415 Shortland Street Auckland 1140 |