| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 14 March 2014 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 8.1566 hectares of land at Gibbston Back Road, Queenstown. |
| Consideration | $715,000 |
| Applicant | John Michael Dierking & Lisa Marino Dierking as Trustees of The Dierking Trust United States of America (100%) |
| Vendor | Dean Stevinson NZ Ventures LLC Dean Michael Stevinson, United States of America (100%) |
| Background | The Applicant is acquiring the land in order to grow grapes and undertake associated viticulture activities. 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 |
| More information | Alan B Harper AWS Legal PO Box 1322 QUEENSTOWN |