| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 10 August 2012 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 7.9100 hectares of land at 402a Awhitu Central Road, Awhitu, Auckland. |
| Consideration | $900,000 |
| Applicant | Ernst & Daniela Schwarz Switzerland (100%) |
| Vendor | Donald James Matheson & Joyce Barbara Matheson New Zealand (100%) |
| Background | Mr. and Mrs. Schwarz intend to move to and reside indefinitely in New Zealand. They intend to acquire the land to use as their principle place of residence. The overseas investment transaction has satisfied the criterion in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | James Varney McVeagh Fleming PO Box 4099 AUCKLAND |