| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 4 February 2014 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 12.8848 hectares of land at 143 Showgrounds Road, Waimate North, Northland. |
| Consideration | $735,000 |
| Applicant | Paul Wayne Fieldman United Kingdom (100%) |
| Vendor | Geoffrey Coster Wightman and Patricia Vella Wightman New Zealand (100%) |
| Background | The applicant intends to migrate to New Zealand under Immigration New Zealand's Investor 2 category and is acquiring the land as a lifestyle property to use as the principal residence and home for himself and his family. The overseas investment transaction has satisfied the criterion in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | Nicole Prosser Law Direct PO Box 497 KERIKERI |