| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 26 February 2015 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 64.0552 hectares of land (subject to survey) at Matai Road, Edendale, Southland. |
| Consideration | $3,200,000 |
| Applicant | Triflor NZ Limited Gerardus Franciscus Hageman, Netherlands (26.6667%) Hendrikus Maria van Dam, Netherlands (26.6666%) Judith Maria van Dam, Netherlands (26.6666%) Semke David Jan Gerben Riepstra, Netherlands (20.0%) |
| Vendor | Wairau Agribusiness Investment Limited Susan Cullen, New Zealand (100.0%) |
| Background | The Applicant is acquiring the land to use for growing bulbs for its tulip bulb export business. 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 Overseas Investment Regulations 2005 |
| More information | Mark Deacon Sumpter Moore 5 Eden Street Milton 9220 |