| Decision | Consent Granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 24 August 2010 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 26.8880 hectares of land at Lot 13, Mataka Station, Pererua Peninsula, Northland. |
| Consideration | $2,000,000 |
| Applicant | Maurice Dabbah Switzerland (100%) |
| Vendor | Bank of New Zealand as mortgagee National Australia Bank Limited, Australia 100% |
| Background | The land is part of the "Mataka Station" Development in the Bay of Islands and in part will continue to be leased for pastoral purposes. The Applicant has offered special land foreshore to the Crown and has agreed to sponsor a professional baseline kiwi research programme on Mataka Station. 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 satisfied by particular reference to the following factors: Overseas Investment Act 2005 Overseas Investment Regulations 2005 |
| More information | Christopher Green Robert Parker |