| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 16 June 2009 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 8.0000 hectares of land at Selmesbrook Lane, Marlborough. |
| Consideration | $5,090,625 |
| Applicant | Greystone River Limited United States of America (100.0%) |
| Vendor | Christopher Francis Stokes, Jennifer Mary O'Donovan and Martin Carmalt Welsford as trustees of the Stokes O'Donovan Family Trust New Zealand (100.0%) |
| Background | The sole directors/shareholders of the Applicant are intending to reside in New Zealand indefinitely. The relevant land contains an established vineyard and residence. The Applicant intends to continue to operate the vineyard business. The Applicant seeks consent to purchase the land in order to operate the vineyard and to provide a New Zealand residence for the Applicant's sole directors/shareholders. The overseas investment transaction has satisfied the criteria in section 16 of the Overseas Investment Act 2005. |
| More information | Paul Gibson Gascoigne Wicks PO Box 2 BLENHEIM |