| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 11 July 2011 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 1,386.9685 hectares of land at 1243 Mataikona Road, RD 9, Masterton. |
| Consideration | $5,750,000 |
| Applicant | Robin Otto Georg Haab & Astrid Haab-Zuber Switzerland (100%) |
| Vendor | Alic Francis Foreman, Alan Wallace Gawith & Alan Peter Laing as trustees of the Mataikona Family Trust New Zealand (100%) |
| Background | The Applicants intend to immigrate to and reside permanently in New Zealand on the property. The Applicants application for residence has been approved in principle by New Zealand Immigration. The overseas investment transaction has satisfied the criteria in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | David Haigh Wynn Williams & Co PO Box 4341 CHRISTCHURCH 8140 |