| Decision | Consent granted retrospectively Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision Date | 13 June 2017 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 5.9395 hectares of land at 375 Wainui South Road, Whakamarama. |
| Consideration | $1,250,000 |
| Applicant | Davenport Orchards Limited Robert Andrew Davenport, United Kingdom (100%) |
| Vendor | Timothy John Mathews, Sally Anne Mathews and Jeanne Marie Bright in their capacity as trustees of the Shaba Trust New Zealand (100%) |
| Background | Mr Davenport is currently living in New Zealand and he intends to reside here indefinitely. The overseas investment transaction has satisfied the criterion in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | Kirsty Keating EY Law Limited 2 Takutai Square Britomart Auckland 1140 |
| Retrospective penalty | $8,000.00 |