Applicant
Schimanski Wealth Management New Zealand Limited and JP Investments (NZ) Limited
Case number(s)
201210031
201220084
Decision date
Type
Decision
Decision Consent granted
Section 12(b) Overseas Investment Act 2005
Decision date 13 August 2013
Investment An overseas investment in sensitive land, being the Applicants’ acquisition of rights or interests in 26% of the shares (Schimanski Wealth Management New Zealand Limited as to 25% and JP Investments (NZ) Limited as to 1%) of Creekside Olive & Wine Orchard Limited which owns or controls a freehold interest in approximately 8 hectares of land at 770 Rapaura Road, Marlborough.
Consideration $780,000
Applicant

Schimanski Wealth Management New Zealand Limited
Fabian Schimanski, Germany (100%)

JP Investments (NZ) Limited
Joerg Michael Pilawa, Germany (100%)
Vendor

Unirent (Pacific) Limited
Andreas Fellmann, Luxembourg (100%)

Vladi Private Islands (Pacific) Limited
Farhad Vladi, Germany (100%)
Background

The Applicants intend to continue to develop and promote the wine, olive and homestay business carried out on the land.

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
17(2)(a)(iii) – Increased export receipts
17(2)(a)(iv) – Greater efficiency/productivity
17(2)(a)(v) – Additional investment for development purposes

Overseas Investment Regulations 2005
28(e) – Previous investments
28(g) – Enhance the viability of other investments
More information Brian G Coburn
Hesketh Henry
Private Bag 92093
AUCKLAND