| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 14 January 2014 |
| Investment | An overseas investment in sensitive land, being the Applicants’ acquisition of a freehold interest in approximately 48.7401 hectares of land at Bendemeer, Queenstown Lakes District. |
| Consideration | $725,000 |
| Applicant | Louis Irvine and Ronel Irvine Australia (100%) |
| Vendor | Bendemeer Farm Limited New Zealand (100%) |
| Background | The Applicants intend to reside indefinitely in New Zealand and are acquiring the property to reside on. The overseas investment transaction has satisfied the criterion in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | Stephen Brent Cavell Leitch Pringle & Boyle PO Box 799 CHRISTCHURCH |