| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 4 June 2015 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 8.3073 hectares of land at 153 Ashburton Gorge Road, Mt Somers. |
| Consideration | $1,070,000 |
| Applicant | Marten (Harold) and Marten (Helen Kay) Australia (100%) |
| Vendor | Ross Garry Edgar, Judith Karen Edgar and Whitehouse Two Trustees Limited as trustees of the RG & JK Edgar Trust New Zealand (100%) |
| Background | Harold and Helen Marten intend to immigrate to New Zealand and reside in New Zealand indefinitely. The Martens intend to acquire the property to use as their home and to operate a small farm business grazing livestock on the land. The overseas investment transaction has satisfied the criterion in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | David Haigh Wynn Williams & Co PO Box 4341 Christchurch 8140 |