| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 25 May 2009 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 10.1829 hectares of land at 527 Waiare Road, Okaihau, Kerikeri. |
| Consideration | $820,000 |
| Applicant | Jack Hughes Riley United States of America (100.0%) |
| Vendor | Murray Mervyn Crockett, Pauline Linda Kent and Kenneth Alan as trustees of The Murray Crockett Family Trust and Pauline Linda Kent New Zealand (100.0%) |
| Background | The Applicant was granted a New Zealand Residence Permit on 26 November 2003. The Applicant now intends to relocate to New Zealand and reside in New Zealand indefinitely. The Applicant is acquiring the relevant land for use as his residence. The overseas investment transaction has satisfied the criteria in section 16 of the Overseas Investment Act 2005. |
| More information | Richard Palmer Palmer Macauley PO Box 576 KERIKERI |