| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 1 July 2014 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 79.7484 hectares of land at 96 Newport Road, Tapawera, Tasman District. |
| Consideration | $1,000,000 |
| Applicant | Stephen and Karen Coles Karen Sadie Coles, United Kingdom (50.0%) Stephen Boyd Coles, United Kingdom (50.0%) |
| Vendor | N&J Brake Limited Jennine Faye Brake, New Zealand (50.0%) Noel Gordon Brake, New Zealand (50.0%) |
| Background | Mr and Mrs Coles intend to move to and reside indefinitely in New Zealand. They will use the residence on the farm as their family home and lease out the land. The overseas Investment in sensitive land, has satisfied the criterion in section 16(1)(e) of the Overseas Investment Act 2005. |
| More information | Charlie Brown Rhodes & Co. PO Box 13444 CHRISTCHURCH |