| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 4 August 2014 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 0.9400 hectares of land at 400 Richmond Road, New Plymouth. |
| Consideration | Nil |
| Applicant | Tegel Foods Limited United States Public (44.4357%) Various overseas persons (21.1615%) Hong Kong Public (11.3%) Singapore Public (7.3856%)Dutch Public (5.2467%) Cayman Islands Public (4.5658%) United Kingdom Public (4.5047%) New Zealand Public and Various Entities, New Zealand (1.4%) |
| Vendor | Heather Crofskey and Peter Crofskey New Zealand (100%) |
| Background | The Applicant is undertaking a land-swap with a neighbour to provide additional land to the site of a hatchery. This will enable the Applicant to extend the hatchery in the future, should it become necessary to do so. The overseas investment transaction has satisfied the criteria in section 16 of the Overseas Investment Act 2005. The 'benefit to New Zealand' criterion was satisfied by particular reference to the following factors: Overseas Investment Regulations 2005 |
| More information | David Gilbert Minter Ellison Rudd Watts PO Box 3798 AUCKLAND 1140 |