| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 17 April 2013 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 232.6500 hectares of land at 223-233 Constable Road, Muriwai, Auckland. |
| Consideration | $6,250,000 |
| Applicant | Matthew Robert Chapman Australia (100%) |
| Vendor | Parihoa Farms Limited Storey Family, New Zealand (98.0%) Anne Kerr-taylor Storey, New Zealand (1.0%) Alfred Mackay Storey, New Zealand (1.0%) |
| Background | The Applicant wishes to spend a significant amount of time in New Zealand and is purchasing the land as a farm and lifestyle residence. 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 |
| More information | Sarah Edmondson LawWorks PO Box 4204 Auckland 1140 |