| Decision | Consent declined Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 23 July 2011 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 26.7348 hectares of land at 186 Mahoenui Valley Rd, Coatesville, Albany. |
| Consideration | CONFIDENTIAL |
| Applicant | Kim Dotcom Hong Kong (SAR) (100%) |
| Vendor | Lurcher Limited Richard Lee & Janet Ruth Bradley, New Zealand (100.0%) |
| Background | Mr Dotcom and his family have been granted New Zealand residence visas but do not intend to reside indefinitely in New Zealand. The overseas investment transaction has not satisfied all the criteria in section 16 of the Overseas Investment Act 2005. |
| More information | Greg B Towers Simpson Grierson Private Bag 92518 Wellesley Street AUCKLAND |