Decision | Consent granted retrospectively Section 12(a) Overseas Investment Act 2005 |
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Decision date | 13 March 2013 |
Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a leasehold interest in 1.4254 hectares of land located at Tolich Place, Henderson, Auckland. |
Applicant | South Pacific Pictures Investments Limited Endeavour Entertainment Limited, New Zealand (40.33%) United States Public (22.6746%) Various overseas persons (19.6911%) United Kingdom Public (17.3043%) |
Vendor | Studio Property Limited New Zealand (100%) |
Background | The Applicant intends to continue the television and film production business located on the land. The overseas investment transaction has satisfied the criteria in section 16 of the Overseas Investment Act 2005. The 'benefit to New Zealand' criterion was satisfied by particular reference to the following factors: Overseas Investment Act 2005 Overseas Investment Regulations 2005 |
More information | David J Quigg/Melissa Pengelly Quigg Partners PO Box 3035 WELLINGTON 6140 |
Retrospective penalty | No penalty applied. |