Decision | Consent Granted Section 12(a) Overseas Investment Act 2005 |
---|---|
Decision date | 5 September 2013 |
Investment |
An overseas investment in sensitive land, being:
|
Consideration |
$16,200,000 (freehold) $26,606,880 (leasehold rental) |
Joint Applicants |
QWIL Investments (NZ) Pty Limited Treasury Wine Estates (Matua) Limited |
Vendor | Winestock NZ Limited Australian Public (100%) |
Background |
The Applicants intend to continue to operate and develop the vineyard business located 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 Overseas Investment Regulations 2005 |
More information |
Pip England (for Treasury Wine Estates (Matua) Limited) Melissa Clark (for QWIL Investments (NZ) Pty Limited) |