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| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 16 August 2019 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 1.875 hectares of land in Arrowtown. |
| Consideration | $1,500,000 |
| Applicant | Millbrook Country Club Limited Japan (100%) |
| Vendor | Waterfall Park Developments Limited New Zealand (85%) United States of America (15%) |
| Background | The Applicant owns and operates Millbrook Resort in Arrowtown, a five-star resort with golfing, accommodation, conference, restaurant, and health and fitness facilities as well as lifestyle and accommodation living. The Applicant intends to acquire the land (which adjoins Millbrook Resort) to provide additional development options and to increase the amenity values of the resort. The benefits to New Zealand include additional investment for development of the land and Millbrook Resort, the creation of new jobs for subdivision and infrastructure works, increased annual export receipts for accommodation and other services, enhancing the ongoing viability of Millbrook Resort, and previous investments involved in the development of Millbrook Resort. |
| More information | Jamie Nunns Morrison Kent PO Box 10035 WELLINGTON |
This assessment report was published as part of an Official Information Act request:
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