| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 10 December 2008 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 27.3624 hectares of land at 9632 State Highway 26, Matatoki. |
| Consideration | $1 |
| Applicant | Tenon Industries Limited United States of America (61.433%) New Zealand (34.037%) Various (4.53%) |
| Vendor | Ground Works Property Limited New Zealand (100.0%) |
| Background | The overseas investment transaction has satisfied the criteria in section 16 of the Overseas Investment Act 2005. The 'substantial and identifiable benefit to New Zealand' criteria were satisified by particular reference to the following factors: Overseas Investment Act 2005 Overseas Investment Regulations 2005 |
| More information | Andrew Petersen Elena Chang |