| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 19 December 2011 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 6.5575 hectares of land at 598 Lake Hawea-Albert Town Road, Wanaka. |
| Consideration | $690,000 |
| Applicant | Manning Investment Trust Louise Katrina Beale, Australia (100.0%) |
| Vendor | GA Findlay & CM Trustess (2007) Ltd as to 1/2 share and GA Findlay, KE Findlay & CM Trustees (2007) Ltd as to 1/2 share New Zealand (100%) |
| Background | Louise Katrina Beale and James Manning intend to immigrate to and reside indefinitely in New Zealand on the property. The overseas investment transaction has satisfied the criteria in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | Daniel Bolstad Kensington Swan (Auckland) Private Bag 92-101 AUCKLAND |