| Decision number | 200610069 |
|---|---|
| Application number | 200520094 |
| Date | 1 June 2006 |
| Offeror/applicant | Weeks (Robin Norman and Sara Vivien) of United Kingdom |
| Ultimate applicant beneficial ownership | 100 percent - United Kingdom |
| Beneficial overseas ownership | |
| - Asset current | 0 percent |
| - Asset proposed | 100 percent |
| - Share current | N/A |
| - Share proposed | N/A |
| Offeree(s)/seller(s) | Noakes (Alistair Graham and Karen Faye) of New Zealand |
| Business activities | Agriculture - Horticulture & Fruit - Viticulture |
| Details of land involved | 12.9375 hectares of freehold situated at 540 Dartmoor Road, Puketapu, Napier being CT HBP2/1209 (Hawkes Bay Registry). |
| Regions involved | Gisborne/Hawkes Bay |
| Total consideration | $1,445,625 |
| Consent sought | To acquire an interest in land which, either alone or together with any associated land of that type, is or includes non-urban land and exceeds 5 hectares in area. |
| Rationale | The application has been approved as it met the criteria. The Overseas Investment Office is satisfied that the individuals with control of the Applicant collectively have business experience and acumen relevant to the overseas investment, and that the Applicant has demonstrated financial commitment towards the overseas investment. The Overseas Investment Office is further satisfied that each individual that exercises control over the Applicant is of good character and is not an individual of the kind referred to in section 7(1) of the Immigration Act 1987. The Applicants have received approval from the New Zealand Immigration Service for New Zealand Work Visas under the Long Term Business Visa category. The Applicants intend to reside permanently in New Zealand and propose to acquire the subject property as a permanent residence and to establish a landscaping business. The Applicants are demonstrating a commitment to New Zealand through intending to apply for and take up New Zealand permanent residency. |
| Contact | Roy van Panhuys Langley Twigg P O Box 446 NAPIER |