| Decision | Consent Granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision Date | 19 January 2018 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 28.7400 hectares of land at 244-246 Georges Road, Waipara, Canterbury. |
| Consideration | $1,200,000 |
| Applicant | Colin David Rath United States of America (100%) |
| Vendor | Dancing Water Holdings Limited C+R Family Trust, New Zealand (99.8%) Clare Bisso, New Zealand (0.1%) Ross Trowsdale, New Zealand (0.1%) |
| Background | Colin Rath holds an entrepreneur work visa. The investment involves the acquisition of 28.7 hectares in Waipara, Canterbury including the operational vineyard and associated businesses on the land. Overseas persons intending to reside in New Zealand indefinitely are not required to show that their investment in sensitive land is likely to benefit New Zealand. This supports migrants in the process of moving to New Zealand to make New Zealand their home and make a positive contribution to society. |
| More information | Catherine Reid Barrister catherine@catherinereid.co.nz |
See the attached assessment report linked below, which was published in response to an Official Information Act request:
Overseas investment assessment report for application by Colin David Rath
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