| Decision | Consent granted retrospectively Sections 12(a) of the Overseas Investment Act 2005 |
|---|---|
| Decision date | 12 May 2015 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 13.1483 hectares of land at 1482 Lorneville-Dacre Road, Woodlands, Southland. |
| Consideration | $650,000 |
| Applicant | Horizon Flowers NZ Limited Netherlands (100%) |
| Vendor | WS Laurence Limited William Scott Laurence, New Zealand (99.9%) Leah Rochelle Sinclair, New Zealand (0.1%) |
| Background | The Applicant is acquiring the land to establish a business growing, harvesting and exporting tulip bulbs. 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 Act 2005 |
| More information | John F C Henderson Evans Henderson Woodbridge PO Box 326 MARTON 4741 |
| Retrospective penalty | $12,000 |