| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 13 January 2012 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 28.0433 hectares of land at 150 Forest Hill Road, Waitakere. |
| Consideration | $5,000,000 |
| Applicant | Ding Furu Singapore (100%) |
| Vendor | Sapich Brothers Limited Stephen Sapich, New Zealand (40.0%) Craig Sapich, New Zealand (30.0%) Darren Sapich, New Zealand (30.0%) |
| Background | The Applicant intends to reside in New Zealand indefinitely. The overseas investment transaction has satisfied the criteria in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | Susie Kilty Buddle Findlay (Wellington) PO Box 2694 WELLINGTON 6140 |