| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision Date | 1 September 2016 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 67.5652 hectares of land at 404 Glenorchy-Routeburn, Glenorchy, Central Otago. |
| Consideration | $2,000,000 |
| Applicant | Gerhard Viktor Sieber Germany (100%) |
| Vendor | Annette Margaret Thomson New Zealand (100%) |
| Background | The Applicant intends to immigrate to New Zealand and reside in New Zealand indefinitely. The property being acquired is a lifestyle farm in Central Otago. The Applicant intends to build his main residence on the land, redevelop the existing dwelling for guest accommodation, and undertake remediation on the Land by regeneration of native flora. The overseas investment transaction has satisfied the criterion in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | Jonathan Gillard Wynn Williams & Co PO Box 4341 CHRISTCHURCH 8140 |