| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 23 November 2011 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 5.9843 hectares of land at 21 Dee Road, Kina Peninsula, Tasman Region. |
| Asset Value | $2,055,000 |
| Applicant | Kina Beach Enterprises Limited Achim Rolf Bauer, Switzerland (50.0%) Karin Elisabeth Schoch, Switzerland (50.0%) |
| Vendor | Kina Beach Vineyard Estate Limited David John Birt, New Zealand (100.0%) |
| Background | The Applicant intends to further develop the vineyard contained on the property and also develop a dedicated export business. 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 |
| More information | David Briscoe Duncan Cotterill (Wellington) PO Box 10-376 WELLINGTON |