| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 24 August 2012 |
| Investment | An overseas investment in sensitive land, being the Applicant's (or a company wholly owned and controlled by the Applicant) acquisition of a freehold interest in 40.0190 hectares of land at 741 Hingarae Road, Kinloch. |
| Consideration | $500,000 |
| Applicant | Kirsten Biltoft Denmark |
| Vendor | Hingarae Developments Limited Christine Hickman, Australia (50.0%) Gregory Hickman, Australia (50.0%) |
| Background | Ms Biltoft intends to reside indefinitely in New Zealand and is acquiring the property to reside on and operate her business from. The overseas investment transaction has satisfied the section 16(1)(e)(i) criterion of the Overseas Investment Act 2005. |
| More information | Montie Baskett Buddle Findlay PO Box 1433 AUCKLAND 1140 |