Decision Summary - Van der Werf Farms Limited

Decision number	200720058
Application number	200720078
Date	31 October 2007
Offeror/applicant	Van der Werf Farms Limited
Ultimate applicant beneficial ownership	100 percent - Netherlands, van der Werf (Sjoerd Tjitte Bonifatius) as trustee for the van der Werf Trust
Beneficial overseas ownership
- Asset current	0 percent
- Asset proposed	100 percent
- Share current	N/A
- Share proposed	N/A
Offeree(s)/seller(s)	D and R Farm Limited 100 percent - New Zealand, Wellen (Peter Joseph)
Business activities	Agriculture - Dairy Farming
Details of land involved	238.7544 hectares of freehold situated at 363 & 469 Walker Road, Woodlands, Southland being CTs SL94/204 and SL113/221 (Southland Registry).
Regions involved	Southland
Total consideration	$9,311,078
Consent sought	To acquire an interest in land which, either alone or together with any associated land of that type, exceeds 0.4 hectares in area and is or includes land on an island in Part 2 of Schedule 1.
Rationale	The application has been approved as it met the criteria. The Overseas Investment Office is satisfied that the Applicants have business experience and acumen relevant to and are demonstrating financial commitment towards the investment. The Overseas Investment Office is further satisfied that the Applicants are of good character and not the kind of persons referred to in section 7(1) of the Immigration Act 1987. Background: Mr van der Werf is the sole director of the company. The company has been established for the purpose of land for dairy farming purposes. Mr van de Werf has been operating a dairy farm operation in Southland on 85.6286 hectares which was granted consent by the Overseas Investment Commission in March 2005 (refer A200510046/D200510044 and A200510047/D200510045). Rationale for Proposed Investment: Mr van der Werf sees the acquisition of the relevant land as an opportunity to expand his farming operation and because of the limited opportunities in the Edendale region, he has decided to sell that property. The larger farm will give him greater economies of scale and will enable him to utilize the skills that he has developed to further increase the production on that farm.
Contact	David Gibson Bodkins PO Box 268 ALEXANDRA

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