| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision Date | 1 April 2016 |
| Investment | An overseas investment in sensitive land, being the acquisition of a freehold interest in approximately 15.4453 hectares of land at 480 Portobello Road, MacAndrew Bay, Dunedin. |
| Consideration | $330,435 |
| Applicant | Matthew & Kumud Dunn United Kingdom (100%) |
| Vendor | Mary Gladys Hellyer, Octagon 2008 Trustees Limited and GCA Legal Trustee 2005 Limited New Zealand (100%) |
| Background | The Applicants intend to migrate to New Zealand with their family and reside in New Zealand indefinitely. They intend to build a new residential family home on the land. The overseas investment transaction has satisfied the criterion in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | Simon Carter Sam Guest Law Limited Level 4 106 George Street Dunedin |