| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 14 March 2011 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 6.3713 hectares of land at Pa Road, Kerikeri. |
| Consideration | $1,610,000 |
| Applicant | Michael Bruce & Shirley Ann Endean United Kingdom (except Isle of Man and the Channel Islands) (100%) |
| Vendor | Snow Emanuel Limited Maxwell Robinson and Fiona Gemmell, New Zealand (86.6667%) Lesley Hutchon Emanuel, New Zealand (10.0%) Alfred Graeme Douglas Emanuel, New Zealand (3.3333%) |
| Background | The Applicant obtained residence permits from Immigration New Zealand on 8 November 2010 under the Investor 2 Category and currently own and reside in an adjoining property to the Investment. The Applicant intends to develop a vineyard on the land. The overseas investment transaction has satisfied the criteria in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | Richard Palmer Palmer Macauley PO Box 576 KERIKERI |