Applicant
Bernard Jean Sabrier
Case number(s)
201110024
Decision date
Type
Decision
DecisionConsent granted
Section 12(a) Overseas Investment Act 2005
Decision date18 April 2011
InvestmentAn overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 20.8300 hectares of land being Lot 23 Mataka Station, Northland.
Consideration$1,044,500
ApplicantBernard Jean Sabrier
Switzerland (100%)
VendorStrategic Nominees Limited (as mortgagee)
New Zealand (100%)
Background

This acquisition enables the Applicant to preserve and enhance the natural environment in the vicinity of his existing adjoining land at Mataka.

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
17(2)(a)(i) – Creation/Retention of jobs
17(2)(a)(v) – Additional investment for development purposes
17(2)(b) – Enhancement of Indigenous Vegetation/Fauna
17(2)(c) – Enhancement of protected wildlife habitats

Overseas Investment Regulations 2005
28(a) – Consequential Benefits
28(e) – Previous investments
28(f) – Advance significant government policy or strategy
28(g) – Enhance the viability of previous investments

More informationBill A Sandston
Chapman Tripp (Auckland)
PO Box 2206
AUCKLAND 1140