| Decision | Consent Granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 20 September 2010 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 3.2070 hectares of land at 175 Kina Beach Road, Nelson. |
| Consideration | $2,250,000 |
| Applicant | Timothy Joseph Garnett Brown Australia (100%) |
| Vendor | Charmaine Yvette Grainger New Zealand (100%) |
| Background | The Applicant intends to reside in New Zealand indefinitely and will acquire the property as a permanent residence for himself and his wife. The overseas investment transaction has satisfied the criteria in section 16 of the Overseas Investment Act 2005. |
| More information | Lesley Brook Anderson Lloyd (Dunedin) Private Bag 1959 DUNEDIN 9054 |