| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 31 August 2009 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 51.6562 hectares of land at State Highway 3, Santoft, near Bulls. |
| Consideration | $2,920,561 |
| Applicant | Terry Van Dien and Nina Lauerman United States of America (100.0%) |
| Vendor | Raymond Vincent Bishop and Lisa Grace Bishop New Zealand (100.0%) Raymond Vincent Bishop and Lisa Grace Bishop as trustees of the SanserifTrust New Zealand (100.0%) |
| Background | The Applicants who intend to reside in New Zealand indefinitely are acquiring the land to use as their permanent residence. The overseas investment transaction has satisfied the criteria in section 16 of the Overseas Investment Act 2005. |
| More information | Clare Reeve Bell Gully (Auckland) PO Box 4199 AUCKLAND 1140 |