| Decision number | 200620009 |
|---|---|
| Application number | 200610114 |
| Date | 19 July 2006 |
| Offeror/applicant | Jones (Andrew Steven and Denise Jayne) of United Kingdom |
| Ultimate applicant beneficial ownership | 100 percent - United Kingdom |
| Beneficial overseas ownership | |
| - Asset current | 0 percent |
| - Asset proposed | 100 percent |
| - Share current | N/A |
| - Share proposed | N/A |
| Offeree(s)/seller(s) | Henderson (Alexander Philip and Robyn Maree) of New Zealand |
| Business activities | Lifestyle Property |
| Details of land involved | 9.934 hectares of freehold situated at 750 Waihopai Valley Road, RD6, Blenheim being CT MB152924 (Marlborough Registry). |
| Regions involved | Nelson/Marlborough |
| Total consideration | $511,870 |
| Consent Sought | To acquire an interest in land which, either alone or together with any associated land of that type, is or includes non-urban land and exceeds 5 hectares in area. |
| Rationale | The application has been approved as it met the criteria. The Overseas Investment Office is satisfied that the Applicants have business experience and acumen relevant to and are demonstrating financial commitment towards the investment. The Overseas Investment Office is further satisfied that the Applicants are of good character and not the kind of persons referred to in section 7(1) of the Immigration Act 1987. The Applicants who hold New Zealand Residence Visas and Returning Resident's Visas propose to acquire the subject property which is currently used by the vendor along with adjoining blocks for pastoral farming. The present use of the land is limited without irrigation water. The Applicants intend to reside permanently in New Zealand. The Applicants are demonstrating a commitment to New Zealand through applying for and taking up New Zealand permanent residency. |
| Contact | Martyn Wilson Radich Dwyer PO Box 646 BLENHEIM |