| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 24 June 2013 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 420.631 hectares of land at Western Lake Road, South Wairarapa. |
| Consideration | $12,000,000 |
| Applicant | T Base 2 Limited James F. Cameron, Canada (100%) |
| Vendor | Peveral Industries Limited and Macland Farms Limited New Zealand (100%) |
| Background | James F. Cameron and his family intend to reside indefinitely in New Zealand. They are acquiring the land as part of a larger acquisition of land in South Wairarapa which they will use as a residence and working farm. The overseas investment transaction has satisfied the criterion in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | Andrew Peterson Bell Gully PO Box 4199 AUCKLAND 1140 |