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Applicant
Mill Road Organic Limited Partnership
Case number(s)
201420097
Decision date
Type
Decision
DecisionConsent granted retrospectively
Section 12(a) Overseas Investment Act 2005
Decision Date3 September 2015
InvestmentAn overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 16.0480 hectares of land at 116 Mill Road, Clive, Hawkes Bay.
Consideration$1,200,000
ApplicantMill Road Organic Limited Partnership
Rufo Antonio Cosroe Quintavalle, New Zealand (100.0%)
VendorV.P.H. Limited
New Zealand (100%)
Background

The Applicant will establish an organic kiwifruit orchard on the Land.

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
17(2)(a)(i) – Jobs
17(2)(a)(iii) – Increased export receipts

Overseas Investment Regulations 2005
28(j) – Oversight and participation by New Zealanders

More informationSusie Kilty
Buddle Findlay
PO Box 2694
WELLINGTON 6140
Retrospective penalty$10,000