| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 18 March 2014 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 14.0350 hectares of land at 300 Pomona Road, Ruby Bay, Mapua. |
| Consideration | $1,400,000 |
| Applicant | Paul James Tranter & Anna Christine Tranter United Kingdom (100%) |
| Vendor | Michael James William Skilling New Zealand (100%) |
| Background | The Tranters have resided in New Zealand since October 2011 with visas that allow them to work in New Zealand. They intend to apply for a permanent residence class visa once immigration requirements are met, and continue to reside in New Zealand indefinitely. The overseas investment transaction has satisfied the criterion in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | Alex Reith/Gerhard Engelbrecht McFadden McMeeken Phillips PO Box 656 NELSON 7040 |