| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 8 October 2014 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 1.8112 hectares of land located at Angler's Lodge, Amodeo Bay, Coromandel. |
| Consideration | $1,765,000 |
| Applicant | Johan Thomas Wahlgren Sweden (100%) |
| Vendor | Anglers Lodge (2003) Limited New Zealand (100%) |
| Background | The Applicant intends to purchase and operate Angler’s Lodge, a motel and holiday park located at Amodeo Bay, Coromandel. The Applicant and his family have applied for New Zealand permanent residency and intend to 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 | Rosemary Sharp The Law Connection Limited 19 Raumati Road Raumati Beach |