Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
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Decision date | 19 November 2013 |
Investment | An overseas investment in sensitive land being:
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Consideration | $2,100,000 |
Applicant | The New Zealand Redwood Company Soper and Wheeler Families, United States of America (100%) |
Vendor | Trustees of the GM Woolston Family Trust (In Receivership) Various owners of an undivided half share in Kirikau A Block |
Background | The Applicant intends to establish a Redwood forest 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 | Christina Lefever Duncan Cotterill PO Box 5 CHRISTCHURCH |