| Decision | Consent Granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 15 September 2010 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 15.5346 hectares of land at 1024 Leigh Road, Matakana, Warkworth. |
| Consideration | $1,293,750 |
| Applicant | Peter Michael North & Alison Joan North Alison Joan North, South Africa (50.0%) Peter Michael North, South Africa (50.0%) |
| Vendor | Bryan Rissman New Zealand (100%) |
| Background | The Applicants plan to reside indefinitely in New Zealand and have made applications for residence visas to Immigration New Zealand under the Skilled Migrant Category. The land is bare land upon which the Applicants will build a house to use as their principal residence. The overseas investment transaction has satisfied the criteria in section 16 of the Overseas Investment Act 2005. |
| More information | Hugh Gladwell Dyson, Smythe and Gladwell Lawyers PO Box 171 WARKWORTH |