| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 3 May 2019 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 734.7808 hectares of land at 12131 Route 52, Eketahuna (Land). |
| Consideration | $3,350,000 |
| Applicant | Te Au Limited Hugh Lane-Spollen, Singapore (100%) |
| Vendor | Darztech Limited Gavin David Watson, New Zealand (50%) Saokaew Watson, New Zealand (50%) |
| Background | The Applicant has applied for, and been granted, consent under the special test relating to forestry activities set out in section 16A(4) of the Act. The Land comprises approximately 735 hectares and consists of two adjoining sheep and beef farms. The two farms are under common ownership and are run as a single farming operation. The Applicant’s investment plan is to establish and maintain a long-term forest estate (pinus radiata) on the Land, while preserving the existing areas of native bush. |
| More information | Christina Lefever Duncan Cotterill PO Box 5 CHRISTCHURCH 8140 |