| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 4 March 2011 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 18.1350 hectares of land at Harrison Rd, Happy Valley, Southland. |
| Consideration | $155,250 |
| Applicant | Southland Plantation Forest Company of New Zealand Limited Japanese Public (62.403%) Fuji Xerox Co Limited, Japan (19.0%) Unknown Overseas Persons, Various (10.743%) United Kingdom Public (2.754%) Various overseas persons (2.703%) United States Public (2.397%) |
| Vendor | M T & S M Day Limited Malcolm Thomas Day, New Zealand (50.0%) Susan Mary Day, New Zealand (50.0%) |
| Background | The Applicant proposes to acquire the land as part of its overall Eucalyptus forestry estate located in Southland and to provide permanent and unrestricted access to its existing neighbouring forestry block. The ongoing development of the Eucalyptus forestry estate 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 |
| More information | Kevin Dell AWS Legal (Invercargill) PO Box 1207 INVERCARGILL |