Decision Summary - Government of Samoa
| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 9 June 2009 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 1.7425 hectares of land at 49 & 51 Norana Avenue, Favona, Auckland. |
| Consideration | $2,000,000 |
| Applicant | Government of Samoa Samoa (100.0%) |
| Vendor | Yong Hui Liu New Zealand (100.0%) |
| Background | The Applicant intends to acquire the land to build a consular residence. The overseas investment transaction has satisfied the criteria in section 16 of the Overseas Investment Act 2005. The 'benefit to New Zealand' criterion was satisfied by particular reference to the following factors:
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| More information | Bridget Cameron Chapman Tripp PO Box 993 WELLINGTON 6140 |
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