| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 5 June 2014 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 84.7942 hectares of land at Old Kaiwarua road, Waimate, Canterbury. |
| Consideration | $185,000 |
| Applicant | Blakely Pacific Limited Eddy Family, United States of America (100.0%) |
| Vendor | Robert Barclay Wards and Bevney Diane Wards; Tuapeka Downs Ltd; John Grant Matherson; Peter Gerald Gilbert; Paul Burgess Bradley & Carolyn Ann Bradley; Bendemeer Bay Vineyard Ltd; Lloyd Bruce Roxburgh; James Whitinui Joseph, Miranda Judith Joseph & Richard Hudson Caughley; Stephen Graeme Bell; and Jane Maree Bell New Zealand (100%) |
| Background | The Applicant is an existing forestry owner in New Zealand and intends to replant a commercial forest on the land, which has recently been harvested. 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 | Craig Nelson Simpson Grierson Private Bag 92518 AUCKLAND 1141 |