| Decision | Consent granted Sections 12(a) of the Overseas Investment Act 2005 |
|---|---|
| Decision date | 29 August 2013 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 50 hectares of land at Lot 29 DP 346421, Mataka Station, Purerua Peninsula, Bay of Islands. |
| Consideration | $790,000 |
| Applicant | Bernard Jean Sabrier Switzerland (100%) |
| Vendor | Wigwam Limited New Zealand (100%) |
| Background | The Applicant intends to acquire the land to preserve and enhance the natural environment in the vicinity of the properties he already owns at Mataka Station. 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 Regulations 2005 |
| More information | Christopher Green/Bill Sandston Chapman Tripp PO Box 2206 AUCKLAND 1140 |