| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 7 March 2011 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 58.5542 hectares of land at 2217 South Head Road, Helensville. |
| Consideration | $925,000 |
| Applicant | Emerald Vista Equestrian Ranch Limited Marianne C Stephens, United States of America (50.0%) Lon T Stephens, United States of America (50.0%) |
| Vendor | Trevor Roderick and Jennifer Jean Holst New Zealand (100%) |
| Background | Marianne C Stephens and Lon T Stephens are the Applicant's shareholders and directors. They are both nationals of the United States of America. Mr & Mrs Stephens intend to migrate to New Zealand with their daughter. Mr & Mrs Stephens have had their application for residence in New Zealand under the Investor 2 Category approved in principle by Immigration New Zealand. The Applicant intends to build a dwelling on the land and to operate a cattle rearing and equestrian breeding farm. The overseas investment transaction has satisfied the criteria in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | Chris Moore Meredith Connell PO Box 2213 AUCKLAND |