| Decision | Consent Granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 22 October 2010 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a leasehold interest in 15.0000 hectares of land at Clifton Road, Clifton, Hawke’s Bay. |
| Consideration | $326,000 |
| Applicant | Vineyard At Te Awanga Limited Ralf-Roger Weiss, Germany (100.0%) |
| Vendor | Angus John Gordon, and Dinah Annette Gordon, Angus John Gordon, Stephen Alexander Greer and Frederick Anthony Girvan as trustees of the Angus Gordon Family Trust New Zealand (100.0%) |
| Background | The Applicant will lease the land to grow grapes for supply to Elephant Hill Estate & Winery Limited. The sole shareholder of Elephant Hill Estate & Winery Limited Ralf-Roger Weiss. The grapes will be used to make wine for domestic consumption and export. 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 | Blair Robinson Lawson Robinson PO Box 45 Napier 4140 |