| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 19 November 2013 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 1,403.8544 hectares of land at 529 Matiere Road, RD, Aria, known as Pukewai Station. |
| Consideration | $3,050,000 |
| Applicant | Ohana LP The Giannamore Family, France (100%) |
| Vendor | Simon Francis Beveridge, Paula Ann Beveridge and Lamb Trust Services Ltd New Zealand (100%) |
| Background | The Applicant intends to take over the farming operation at Pukewai Station and to use it as a support and finishing property for the Applicant’s existing farming operation located in the Coromandel Peninsula. 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 | Alisdair Morrison O'Sullivan Clemens PO Box 646 ROTORUA |
See the attached Notice of Decision linked below, which was published in response to an Official Information Act request:
Ohana LP – Overseas Investment Notice of Decision (Application 201320001)
- Last updated