| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 10 September 2012 |
| Investment | An overseas investment in sensitive land, being the Applicant’s acquisition of a freehold interest in 0.3000 hectares of land at 60 Sharon Road, Browns Bay, Auckland. |
| Consideration | $5,000,000 |
| Applicant | Patrick Farms LLC Ronald James Patrick, United States of America (100.0%) |
| Vendor | Anthony Lowry Robinson, Gloria Lynne Robinson and Richard George Wilson as trustees of the AL & GL Robinson Family Trust New Zealand (100%) |
| Background | Ronald James Patrick intends to reside indefinitely in New Zealand. He is acquiring the land as a residential/lifestyle dwelling for himself and his family. The overseas investment transaction has satisfied the criterion in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | Greg Allen Simpson Grierson Private Bag 92518 Wellesley Street AUCKLAND |