Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
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Decision date | 11 June 2013 |
Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 486 hectares of land known as Taipoi I and II Forest and located adjacent to the Tinui Valley Road, Wairarapa. |
Consideration | $937,500 |
Applicant | Forest Securities Limited Estate of Willi E Roth, Canada (100%) |
Vendor | PKF Martin Jarvie Trustees Limited New Zealand (100%) |
Background | The Applicant intends to acquire the land as a forestry investment for the production of timber. 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 | Chris Ritchie PO Box 2068 WELLINGTON |