| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 20 March 2015 |
| Investment | An overseas investment in sensitive land, being the Applicants’ acquisition of a stratum in freehold interest in approximately 0.7087 hectares of land at 210-218 Victoria Street West, Auckland. |
| Consideration | $1,850,000 |
| Applicant | Ute and Fraser Charles Partridge German Public (50.0%) United Kingdom Public (50.0%) |
| Vendor | Victoria Quarter No. 1 Limited as trustee of the Victoria Quarter No. 1 Trust New Zealand Public (100%) |
| Background | The Applicants have recently immigrated to New Zealand and hold resident visas and intend to reside indefinitely in New Zealand. They intend to acquire the Property as a long term investment. The overseas investment transaction has satisfied the criterion in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | Sam Greenwood Thompson Blackie Biddles PO Box 1996 Shortland Street AUCKLAND 1140 |