| Decision | Consent Granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision Date | 12 August 2016 |
| Investment | An overseas investment in sensitive land, being the Applicant’s acquisition of a freehold interest in approximately 29.1353 hectares of land at 525 Lund Road, Katikati. |
| Consideration | $1,750,000 |
| Applicant | Alan Logan Craft (as trustee of the Manawa Toru Family Trust) United States of America (100%) |
| Vendor | John Francis Taylor, Jill Christine Taylor, and EM Trustee No. 7 Limited as trustees of the Taylor Family Trust New Zealand (100%) |
| Background | Alan Logan Craft intends 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 | Sam Nelson and Anna Walker Lane Neave P O Box 701 Queenstown |