| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision Date | 8 December 2015 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 3.4557 hectares of land at 443 Matahui Road, Aongatete, Tauranga. |
| Consideration | $2,803,975 |
| Applicant | Robert Andrew Davenport United Kingdom (100%) |
| Vendor | P & N Developments Limited Patrick Robert Michael Seuren, New Zealand (50.0%) Nicola Helen Seuren, New Zealand (50.0%) |
| Background | The Applicant intends to migrate to New Zealand with his immediate family and reside in New Zealand indefinitely. The overseas investment transaction has satisfied the criterion in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | Jasmine Lim & Sinead Hart EY Law Limited 2 Takutai Square Britomart, Auckland 1140 |