| Decision | Consent declined |
|---|---|
| Decision Date | 14 September 2015 |
| Investment | An overseas investment in sensitive land, being the Applicant’s acquisition of a freehold interest in approximately 13,843.0127 hectares of land at Lochinver Station, 3232 State Highway 5, Taupo. |
| Applicant | Pure 100 Farm Limited Zhaobai Jiang, China, People's Republic of (99%) Lei Jiang, China, People's Republic of (1%) |
| Vendor | W. A. Stevenson Holdings Limited and Stevenson Agriculture Limited W A Stevenson Memorial Trust, New Zealand (100%) |
| Background | Lochinver Station is currently operated as a sheep and beef farm. Parts of the farm are used as pre-export isolation units for stock being exported overseas, for grazing, and for dairy support. The Applicant intended to operate Lochinver Station as a sheep and beef station with some dairy conversion. Consent was declined as the relevant Ministers were not satisfied that section 16(1)(e)(iii) was met. Ministers were not satisfied that the benefit to New Zealand (or any part of it or group of New Zealanders) of the overseas investment will be, or is likely to be, substantial and identifiable. |
| More information | Mark Nicholson Chapman Tripp PO Box 2206 AUCKLAND 1140 |