| Decision | Consent granted Section 12(a) of the Overseas Investment Act 2005 |
|---|---|
| Decision date | 4 March 2014 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 9.8900 hectares of land at 328 Gladstone Road, Dunedin. |
| Consideration | $1,000,000 |
| Applicant | John Graham Bishop & Barbara Susan Bishop United Kingdom (100%) |
| Vendor | Catherine Margaret Butson New Zealand (100%) |
| Background | The Applicants who intend to migrate to New Zealand and become New Zealand residents are acquiring the property to use as their primary residence and to run a bed and breakfast business. The overseas investment transaction has satisfied the criterion in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | Elliot Goldman Goldman Legal PO Box 1399 Queenstown |