| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 7 June 2011 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 1.0671 hectares of land at 76 Bronte Road East, Mapua, Nelson. |
| Consideration | $2,200,000 |
| Applicant | Peter Owen Von Zahn Switzerland (100%) |
| Vendor | Peter William Jones and Clare Ann Jones Peter William Jones, New Zealand (50.0%) Clare Ann Jones, New Zealand (50.0%) |
| Background | The applicant is acquiring the property as he and his wife intend to settle permanently in New Zealand. To this end he has applied for and been granted a Returning Resident's Visa by Immigration New Zealand under the investor category (as it existed at that time). The overseas investment transaction has satisfied the criteria in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | Geoff Caradus Pitt & Moore (Nelson) PO Box 42 NELSON |