| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 5 April 2011 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 23.3250 hectares of land at 139 Simons Rd, Maungatapere, Whangarei. |
| Consideration | $3,162,500 |
| Applicant | Karen Danielle Fraser & Stephen Charles Diggle Stephen Charles Diggle, United Kingdom (except Isle of Man and the Channel Islands) (50.0%) Karen Danielle Fraser, Australia (50.0%) |
| Vendor | AD Jones Trust and JM Jones Trust Alan Dudney and Jacqueline Mary Jones, New Zealand (100.0%) |
| Background | The Applicant proposes to expand the orchard operations currently undertaken on the property and significantly increase the production from the orchard. 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 |
| More information | Stewart Otene Webb Ross Private Bag 9012 WHANGAREI 0140 |