| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 14 November 2011 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 6.0667 hectares of land at 39 Mangaroa Road, Hastings. |
| Asset Value | $1,100,000 |
| Applicant | Malcolm Neil & Lisa Beck United Kingdom (100%) |
| Vendor | Paki Paki Lodge Limited Terry Patrick Coffey, New Zealand (100.0%) |
| Background | Malcolm and Lisa Beck intend to reside in New Zealand indefinitely. They both have experience in the equestrian and horse stud industry and intend to establish their own horse stud on the property. The overseas investment transaction has satisfied the criteria in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | Stephen Greer Sainsbury Logan and Williams PO Box 41 NAPIER |