| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 30 March 2011 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 73.3397 hectares of land at Woodstock Rd, Oxford, Canterbury. |
| Consideration | $2,070,000 |
| Applicant | Burger Family Property Trust The Burger Family, South Africa (100.0%) |
| Vendor | George Henry Bennett New Zealand (100%) |
| Background | The trustees and settlor (Mr Andries Petrus Burger and Anna-Marie Burger) of the Applicant are South African citizens. Mr & Mrs Burger immigrated to New Zealand from South Africa in July 2010. Mr & Mrs Burger and their three children moved to New Zealand due to its lifestyle, beautiful scenery and environment in which to raise children. Mr & Mrs Burger are residing in New Zealand under a Long Term Business Visa granted by Immigration New Zealand. Mr & Mrs Burger were sheep and cattle farmers in South Africa. They wish to purchase the Investment to continue farming operations in New Zealand. The overseas investment transaction has satisfied the criteria in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | Wyan Nelson Bakerlaw & Conveyancing Limited Private Bag 65 902 Mairangi Bay 0754 |