| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 13 May 2014 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a half share in a freehold interest in 9.2160 hectares of land at 36 Godfrey Road, Marlborough. |
| Consideration | $550,000 |
| Applicant | Steven Allen Carter and Suzanne Johnstone Carter United States of America (100%) |
| Vendor | Ashmore Vineyards Limited Sutherland (Ivan Carl and Margaret Anne), New Zealand (100.0%) |
| Background | The Carters intend to contribute capital to the development of a vineyard by Ashmore Vineyards Limited, by purchasing a half share in the vineyard 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 | Steve Riley Lundons PO Box 268 BLENHEIM 7240 |