| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 10 January 2013 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 4.3155 hectares of land at 329 Whitemans Valley Road, Upper Hutt. |
| Consideration | $1,290,000 |
| Applicant | Matthew Joseph Monahan United States of America (100%) |
| Vendor | Darryn Andrew Lyons and Peter John McLeod New Zealand (100%) |
| Background | The Applicant intends to acquire the land to use as his primary residence and as a home office. The Applicant intends to migrate to New Zealand and become a New Zealand resident under Immigration New Zealand's Entrepreneur Category. The overseas investment transaction has satisfied the criterion in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | Michael Hofmann-Body Gillespie Young Watson PO Box 30-940 Lower Hutt 5040 |