| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 28 April 2009 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 51.9889 hectares of land at 732 Otaki Gorge Road, Te Horo. |
| Consideration | $1,010,000 |
| Applicant | Bente Christine Ongkiehong & Johannes Rein Roberti Netherlands (100.0%) |
| Vendor | Rimu Park Lodge Limited New Zealand (100.0%) |
| Background | The Applicants have been granted an New Zealand Work Visa's expiring 30 July 2010 and are residing and working in New Zealand. The Applicants who intend to reside in New Zealand indefinitely are acquiring the relevant land for use as their residence. The overseas investment transaction has satisfied the criteria in section 16 of the Overseas Investment Act 2005. |
| More information | Brian Ranford Kapiti Law PO Box 159 WAIKANAE 5250 |