Applicant
RHL NZ Limited
Case number(s)
201020098
Decision date
Type
Decision
DecisionConsent Granted
Section 12(a) Overseas Investment Act 2005
Decision date3 February 2011
InvestmentAn overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 36.4217 hectares of land at Wairoa Gorge, Nelson.
Consideration$480,000
ApplicantRHL NZ Limited
Belize (100.0%)
VendorRobert Arthur Scott
New Zealand (100%)
Background

The Applicant has recently acquired adjoining land to develop into a mountain bike park with trails and a lodge for accommodation. This application increases the area of the mountain bike park so that more trails can be added.

A New Zealand company, NZ Trail Solutions Limited, has been engaged by the Applicant to assist in managing the land, the entire trail building process, development, maintenance (including pest control) and other matters relating to the proposed accommodation lodge.

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
17(2)(a)(i) - Creation/Retention of jobs
17(2)(a)(v) - Additional investment for development purposes
17(2)(b) - Indigenous Vegetation/Fauna
17(2)(e) - Walking Access

Overseas Investment Regulations 2005
28(e) - Previous investments
28(f) - Advance significant government policy or strategy
28(g) - Enhance the viability of other investments

More informationPaul Dorrance
Duncan Cotterill (Christchurch)
PO Box 5
CHRISTCHURCH