| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 6 December 2013 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 60 hectares of land at Tramway Road East, Edendale, Southland. |
| Consideration | $2,700,000 |
| Applicant | Triflor NZ Limited Gerardus Franciscus Hageman, Netherlands (26.6667%) Judith Maria van Dam, Netherlands (26.6666%) Hendrikus Maria van Dam, Netherlands (26.6666%) Semke David Jan Gerben Riepstra, Netherlands (20.0%) |
| Vendor | Wairau Agribusiness Investment Limited New Zealand (100%) |
| Background | The Applicant is acquiring the land in order to grow and export tulip bulbs and peonies and associated floriculture activities. The overseas investment transaction has satisfied the criteria in section 16 of the Overseas Investment Act 2005. The 'substantial and identifiable benefit to New Zealand' criteria were satisfied by particular reference to the following factors: Overseas Investment Act 2005 Overseas Investment Regulations 2005 |
| More information | Kerry Dowling Sumpter Moore 5 Eden Street Milton 9220 |