| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 1 October 2014 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 44.8567 hectares of land at 29 Lakelands Road, Parua Bay, Whangarei. |
| Consideration | $2,100,000 |
| Applicant | Hao Zeng and Qunhui Wu Qunhui Wu, China, People's Republic of (50.0%) Hao Zeng, China, People's Republic of (50.0%) |
| Vendor | Lois Dawn Tapp & Spire Trustees Limited Spire Trustees Limited, New Zealand (50.0%) Lois Dawn Tapp, New Zealand (50.0%) |
| Background | Hao Zeng and Qunhui Wu will purchase the land as their new home. They intend to migrate to New Zealand and reside in New Zealand indefinitely. The overseas investment transaction has satisfied the criterion in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | Nigel Mason Regent Law PO Box 204 Whangarei 0140 |