| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 25 May 2012 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a leasehold interest in approximately 14.8 hectares of land at 2831 Roys Hill Road, SH 50, Hastings. |
| Consideration | $871,428 |
| Applicant | Vineyard At Te Awanga Limited Ralf-Roger Weiss, Germany (100.0%) |
| Vendor | Cottingham Estate Limited New Zealand (100%) |
| Background | The Applicant intends to grow grapes on the property and supply them to Elephant Hill Holdings Limited, which operates Elephant Hill Winery and Restaurant (together “Elephant Hill”). Mr Weiss is also the sole shareholder and a director of Elephant Hill. The proposed investment will ensure a secure supply of grapes to Elephant Hill. 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 Overseas Investment Regulations 2005 |
| More information | Blair Robinson Lawson Robinson Limited P O Box 45 Napier 4110 |