Overseas investment decision for case 201510078 - QWIL Investments (NZ) Pty Limited | Toitū Te Whenua

Decision	Consent granted Section 12(a) Overseas Investment Act 2005
Decision Date	21 September 2015
Investment	An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 3.2687 hectares of land at 82 Delta Lake Heights, Waihopai.
Consideration	$800,000
Applicant	QWIL Investments (NZ) Pty Limited Gold Rainbow Int'l Limited, Hong Kong (SAR) (45.31%) Trueway International Limited, Hong Kong (SAR) (22.05%) Triluck Assets Limited, Hong Kong (SAR) (7.45%) Hong Kong Public (25.1843%) Various overseas persons (0.0057%)
Vendor	Edward William Johns United Kingdom (100%)
Background	The Applicant intends to lease the land to Accolade Wines New Zealand Limited for incorporation into the vineyard it operates on the adjoining land (see Decision Summary Case 201510080). 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)(iii) – Increased export receipts 17(2)(a)(iv) – Greater productivity or efficiency 17(2)(a)(vi) – Increased processing of primary products Overseas Investment Regulations 2005 28(e) – Previous investments 28(g) – Enhance the viability of other investments
More information	Melissa Clark Martelli McKegg PO Box 5745 AUCKLAND