| Decision | Consent Granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 22 December 2010 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 17.8500 hectares of land at 44 Jeffery Rd, Crown Terrace, Queenstown. |
| Consideration | $2,930,000 |
| Applicant | Bloomsbury Stud (NZ) Limited New Zealand Public (50.0%) United Kingdom Public (50.0%) |
| Vendor | Robina Mary Bodle New Zealand (100%) |
| Background | The Applicant will acquire the Land for use as a South Island base from which to manage its bloodstock and other New Zealand investments. A lodge on the Land will be refurbished and a new residence constructed. 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 Regulations 2005 |
| More information | Willy Sussman Bell Gully (Auckland) PO Box 4199 AUCKLAND 1140 |