| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 8 June 2015 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 18 hectares of land at Admiral Road, Gladstone. |
| Consideration | $450,000 |
| Applicant | New Zealand Free Range Limited Tin Yee Tinny Ho, Hong Kong (SAR) (50.0%) Kien Han John Chua, Hong Kong (SAR) (50.0%) |
| Vendor | Ralph Richard Fauvel, Vivienne Joy Fauvel and Gawith Trustees 2011 Limited as trustees for the Farm Boy Trust New Zealand (100%) |
| Background | The Applicant intends to convert the land to a free-range pig farm. 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 |
| More information | Tara Wylie Simpson Grierson Private Bag 92518 Auckland 1141 |