Applicant
Rems (Michael John) and O'Shea (Julie Anne)
Case number(s)
201510054
Decision date
Type
Decision
DecisionConsent granted
Section 12(a) Overseas Investment Act 2005
Decision date10 June 2015
InvestmentAn overseas investment in sensitive land, being the Applicant's acquisition of:
  • freehold interest in approximately 0.5972 hectares of land at 33-37 & 39 Okoka Road, Waiheke Island; and
  • a leasehold interest in approximately 0.0165 hectares of land at 1 O'Brien Road, Waiheke Island.
Consideration$3,672,000
ApplicantRems (Michael John) and O'Shea (Julie Anne)
United States of America (100%)
Vendors

Glass Residential Limited
New Zealand (100%)

Brett David Clarke Cooper, Amanda Leanne Cooper and Bruce Reginald Patterson as trustees of the Glass Trust
New Zealand (100%)

Background

The applicants intend to immigrate to New Zealand and reside in New Zealand indefinitely. They intend to acquire the property to use as their home.

The overseas investment transaction has satisfied the criterion in section 16(1)(e)(i) of the Overseas Investment Act 2005.

More informationKate Telford
Hesketh Henry
Private Bag 92093
Auckland 1142