| Decision | Consent Granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision Date | 18 August 2016 |
| Investment | An overseas investment in sensitive land, being Volker Udo Zahn’s acquisition of a freehold interest in 8.0484 hectares of land at 14 Gibbston Back Road, Gibbston Valley. |
| Consideration | $3,600,000 |
| Applicant | Volker Udo Zahn and Heike Maria Zahn Germany (100%) |
| Vendor | M L Holtzman Hungary (100%) |
| Background | Volker Udo Zahn and Heike Maria Zahn intend to migrate to New Zealand 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 | Matthew Edwards Berry & Co PO Box 179 Queenstown 9348 |