Applicant
GK Quick and GR Page Property Trust
Case number(s)
200820031
Decision date
Type
Decision
Decision number200820031
Application number200820017
Date12 September 2008
Offeror/applicantQuick (Graham Keith), Page (Gillian Rosemary) and YRW Trustees 2008 Limited as trustees of the GK Quick and GR Page Property Trust
Ultimate applicant beneficial ownership50 percent - United Kingdom, Quick (Graham Keith)
50 percent - United Kingdom, Page (Gillian Rosemary)
Beneficial overseas ownership 
- Asset current0 percent
- Asset proposed100 percent
- Share currentN/A
- Share proposedN/A
Offeree(s)/seller(s)Dixon (Neville Wayne) of New Zealand
Business activitiesLifestyle Property
Details of land involved6.746 hectares of freehold situated at 456 Youngston Road, Whakamarama, Tauranga being CT SA65B/660 (South Auckland Registry).
Regions involvedBay of Plenty/Coromandel
Total consideration$800,625
Consent soughtTo 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 and the Applicant is intending to reside in New Zealand indefinitely.

Background to the Investment:
The Applicant currently owns land upon which Mr Quick and Mrs Page operate a garden centre and cafe business. Mr Quick and Mrs Page have been granted Long Term Business Permits to operate their business in New Zealand. Mr Quick and Mrs Page intend to reside in New Zealand subject to obtaining residence permits.

Outline of the Investment:
Mr Quick and Mrs Page propose to acquire the relevant land, which is situated nearby to the garden centre and cafe business.

Rationale for the Investment:
The relevant land for use as their residence and to provide additional land and facilities (including a greenhouse) to support the business.

ContactTerry Kirkham
Terry Kirkham Law
PO Box 13 302
TAURANGA