Overseas investment decision for case 201320013 - Insight Global Farmland Fund Limited

• a freehold interest in approximately 134 hectares of land at 124-144 Crampton Road, Opio; and
• a freehold interest in approximately 34 hectares of land at 1000 Wreys Bush-Mossburn Road, Otautau.

The Applicant intends to continue to undertake and improve the dairy farming and related business activities carried out on the Land and the Applicant’s adjoining Wreys Bush Farm.

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
17(2)(a)(i) – Jobs
17(2)(a)(iii) – Increased export receipts
17(2)(a)(iv) – Greater efficiencies and productivity
17(2)(a)(v) – Additional investment for development purposes
17(2)(a)(vi) – Increased processing of primary products
17(2)(c) – Trout, salmon, wildlife and game
17(2)(f) – Offer to gift riverbed to the Crown

Overseas Investment Regulations 2005
28(a) – Consequential benefits
28(d) – Owner to undertake other significant investment
28(e) – Previous investments
28(f) – Advance significant Government policy or strategy
28(g) – Enhance the viability of other investments
28(i) – Economic interests