| Decision | Consent Granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 18 April 2019 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a leasehold interest in approximately 135.5 hectares of land at 1203 Craigieburn Road, Arthurs Pass. |
| Consideration | $400,000 |
| Applicant | Flock Hill Holdings Robert Lambert Zorich, United States of America (48.1%) United States Public (17.2%) Gary Richard Petersen, United States of America (14.5%) Michael Gerard McCaffery, United States of America (10.5%) John Logan Wallace, United States of America (9.7%) |
| Vendors | Robin Peter Jamison New Zealand (100%) Philippa Margery Jamison New Zealand (100%) |
| Background | Flock Hill Holdings seeks to acquire a leasehold interest in approximately 135 hectares of adjacent land through a boundary adjustment. Flock Hill Holdings has an existing leasehold interest in approximately 14,000 hectares of land on Flock Hill Station. The adjacent land that it seeks to acquire is part of Craigieburn Station, another high country station. The Applicant intends to use the Land gained through the boundary adjustment to extend its stock grazing and to improve the ecological value of the land which will also provide aesthetic benefits for visitors to the property. |
| More information | Jamie Stanton Rhodes & Co. PO Box 13444 CHRISTCHURCH |