| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 30 January 2014 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 57.5875 hectares of land at 252 Merrifields Rd, Blind River, Marlborough. |
| Consideration | $3,750,000 |
| Applicant | Constellation Brands New Zealand Limited Constellation Brands Inc, United States of America (100.0%) |
| Vendor | Ecoagman Limited Penelope Jane Grace Brown, Zambia (50.0%) Simon Philip Brown, Zambia (50.0%) |
| Background | The Applicant is acquiring the land for the purposes of expanding its vineyards and winery business. The overseas investment transaction has satisfied the criteria in section 16 of the Overseas Investment Act 2005. The ‘benefit to New Zealand criteria’ were satisfied by particular reference to the following factors: Overseas Investment Act 2005 |
| More information | Tara Wylie Simpson Grierson Private Bag 92518 Wellesley Street AUCKLAND |