| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 21 September 2011 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 5.0586 hectares of land at 151 Vaughans Road, Okura. |
| Consideration | $3,500,000 |
| Applicant | Michel Andre Salomon and Josyane Odette Filippini as trustees of the Salomon Family Trust France (100%) |
| Vendor | Ian Lindsay Gunthorp, Susan Jane Gunthorp, Barry John Davidson and Newmarket Trustees Limited as trustees of the Carlton Trust New Zealand (100%) |
| Background | The Applicants intend to reside in New Zealand indefinitely. They are acquiring the property to use as a personal residence and as a farm stay. The overseas investment transaction has satisfied the criteria in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | Brian Somervell Holmden Horrocks P O Box 33 348 TAKAPUNA 0740 |