| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 15 June 2012 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 13.0471 hectares of land at 4189 State Highway 23, Raglan. |
| Consideration | $640,000 |
| Applicant | Jan Arnold Cornelis Schepel Netherlands (100%) |
| Vendor | Erena Farm Limited Terrence Michael Magill, New Zealand (95.0%) Susan Jane Magill, Australia (5.0%) |
| Background | Dr Schepel plans to utilise the land as the principal place of residence for himself and his family and intends to reside in New Zealand indefinitely. The overseas investment transaction has satisfied the criterion in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | Jon Webb PO Box 132 HAMILTON |