| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 1 November 2013 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 7.8895 hectares of land at 5 Lakeshore Drive, Lakeside Estates, Queenstown. |
| Consideration | $2,200,000 |
| Applicant | Toula Elizabeth Finlayson Australia (100%) |
| Vendor | Dorothea Maria Siddik and Canterbury Trustees Limited as trustees of the Remarkable Horizons Trust No.1 New Zealand (100%) |
| Background | The Applicant intends to become ordinarily resident in New Zealand and is acquiring the land to use as her primary residence and as an office for her business. The overseas investment transaction has satisfied the section 16(1)(e)(i) criterion of the Overseas Investment Act 2005. |
| More information | Greg Allen Simpson Grierson Private Bag 92518 Wellesley Street AUCKLAND |