| Decision | Consent Granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 9 March 2010 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 13.7540 hectares of land at 394 Vaile Road, Broadlands, RD1, Reporoa. |
| Consideration | $3,102,187 |
| Applicant | Lyonshead Development Corporation Limited Charles Walter Missler, United States of America (100.0%) |
| Vendor | River Lodge Limited George Anderson Campbell, New Zealand (40.0%) Franciska Johanna Campbell, New Zealand (40.0%) Sean Peter Campbell, New Zealand (10.0%) Maria Jane Cuttance, New Zealand (10.0%) |
| Background | The Applicant's sole shareholder is Charles Walter Missler, a U.S. citizen, who intends to reside indefinitely in New Zealand. The Applicant intends to purchase the Land, along with the conference centre business at the same address and will continue the conference centre business, including religious ministry conferencing, leadership training and media training. The overseas investment transaction has satisfied the criteria in section 16 of the Overseas Investment Act 2005. |
| More information | Charlotte Rose Tetley-Jones Thom Sexton PO Box 111 AUCKLAND |