Applicant
Craig Richard Crichton Williams
Case number(s)
201510063
Decision date
Type
Decision
DecisionConsent granted
Section 12(a) Overseas Investment Act 2005
Decision Date4 September 2015
InvestmentAn overseas investment in sensitive land, being the Applicant's acquisition of:
  • a freehold interest in approximately 0.4369 hectares of land at 11 Carlin Creek, Lakeside Estate, Queenstown; and
  • a freehold interest in a 1/39th share of 2.7510 hectares and a 1/39th share of 0.8650 hectares of land at 11 Carlin Creek, Lakeside Estate, Queenstown.
Consideration$1,965,000
ApplicantCraig Richard Crichton Williams
Australia (100%)
VendorPayne (Jason Colin), McNee (Sharron Jayne) and Ainger (Warwick John) as trustees of the Baldrick Investment Trust
New Zealand (100%)
Background

The Applicant is acquiring the land for use as a residence and will contribute to the Queenstown Trails Trust in its development of a walking and cycling trail through the Wakatipu Basin.

The overseas investment transaction has satisfied the criteria in section 16 of the Overseas Investment Act 2005. The 'benefit to New Zealand' criterion was satisfied by particular reference to the following factors:

Overseas Investment Regulations 2005
28(a) – Consequential benefits

More informationElliot Goldman/Helen O’Leary
Goldman Legal
PO Box 1399
Queenstown