| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 27 September 2012 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 1.7690 hectares of land at 213 Waimarama Road, Havelock North. |
| Consideration | $380,000 |
| Applicant | Craggy Range Vineyards Limited Terrence Elmore Peabody, Australia (99.0%) Stephen Mark Smith, New Zealand (1.0%) |
| Vendor | Jeffrey John Drabble and Felicity Caroline Dobell-Brown New Zealand (100%) |
| Background | Craggy Range Vineyards Limited is purchasing the land to enhance its existing winery, restaurant, head office and visitor/tourist accommodation and facilities, which adjoin the land. 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 | John Brown Brown PartnersLawyers PO Box 1496 Shortland Street Auckland 1140 |