| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 26 June 2012 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 19.7810 hectares of land at 2290 State Highway 50, Hastings, Hawkes Bay. |
| Consideration | $3,000,000 |
| Applicant | Vineyard At Te Awanga Limited Ralf-Roger Weiss, Germany (100.0%) |
| Vendor | Two Gates Vineyard Limited Robert Hugh Chapman, Channel Islands (35.5%) Ian Hugh Thurston, Channel Islands (35.5%) Kingsley Norman Tobin, New Zealand (29.0%) |
| 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 |