Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
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Decision date | 8 October 2013 |
Investment | An overseas investment in sensitive land, being the acquisition of a freehold interest in:
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Consideration | 201310074: $350,000 201310075: $1,550,000 201310076: $1,000,000 |
Applicant | Chimpland Limited Matthew Joseph Monahan, United States of America (100.0%) |
Vendor | 201310074: 201310075: 201310076: |
Background | Mr Monahan intends to migrate to New Zealand and become a New Zealand resident under Immigration New Zealand's Entrepreneur Category. The land is being acquired to provide a controlled environment for research focused around environmental sustainability in forestry operations. The overseas investment transaction has satisfied the criterion in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
More information | S R Walker/Michael Hofmann-Body Gillespie Young Watson PO Box 30-940 Lower Hutt 5040 |