Decision number | 200720030 |
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Application number | 200710054 |
Date | 13 September 2007 |
Offeror/applicant | Andlinger (Gerhard Rudolf) of United States of America |
Ultimate applicant beneficial ownership | 100 percent - United States of America |
Beneficial overseas ownership | |
- Asset current | 100 percent |
- Asset proposed | 100 percent |
- Share current | N/A |
- Share proposed | N/A |
Offeree(s)/seller(s) | Sandler (Karen Creel) and Rainey (Kevin Allan) as trustees of the GM & KC Sandler Family Trust of Hong Kong |
Business activities | Lifestyle Property Agriculture - Native Bush |
Details of land involved | 53.845 hectares of freehold situated at 284 Lees Road, Hahei, Coromandel. being CTs SA51A/469 and SA51A/470 (South Auckland Registry). |
Regions involved | Bay of Plenty/Coromandel |
Total consideration | $6,187,500 |
Consent sought | To acquire:
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Rationale | The application has been approved as it met the criteria. The Overseas Investment Office is satisfied that the Applicant has business experience and acumen relevant to and is demonstrating financial commitment towards the investment. The Overseas Investment Office is further satisfied that the Applicant is of good character and not the kind of person referred to in section 7(1) of the Immigration Act 1987. Mr Andlinger proposes to purchase the land for residential purposes for himself and his family. The land will provide a holiday home and a base in New Zealand. Mr Andlinger proposes to implement recommendations contained in a report commissioned by Boffa Miskell in regard to vegetation management and enhance public access to Driftwood Cove. It is proposed that public access to Driftwood Cove will be provided as part of an extension of the existing Cathedral Cove Walkway through adjacent Department of Conservation reserve land. The proposal is likely to result in the following benefits:
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Contact | Robert Parker/Justine Tuite Chapman Tripp P O Box 2206 AUCKLAND |