| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 13 June 2013 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 10.0600 hectares of land at 67E Purangi Road, Hot Water Beach, Whitianga. |
| Consideration | $950,000 |
| Applicant | Zhi Qiang Liu & Helen Chu Lee Australia (100%) |
| Vendor | Whenuanui Farm Limited New Zealand (100%) |
| Background | The Applicants who intend to migrate to New Zealand and become New Zealand residents are acquiring the property to use as their primary residence. The overseas investment transaction has satisfied the criterion in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | Scott Hunter Rice Craig PO Box 72 440 Papakura AUCKLAND |