DecisionConsent declined
Section 12(a) Overseas Investment Act 2005
Decision date23 July 2011
InvestmentAn overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 26.7348 hectares of land at 186 Mahoenui Valley Rd, Coatesville, Albany.
ConsiderationCONFIDENTIAL
ApplicantKim Dotcom
Hong Kong (SAR) (100%)
VendorLurcher Limited
Richard Lee & Janet Ruth Bradley, New Zealand (100.0%)
Background

Mr Dotcom and his family have been granted New Zealand residence visas but do not intend to reside indefinitely in New Zealand.

The overseas investment transaction has not satisfied all the criteria in section 16 of the Overseas Investment Act 2005.

More informationGreg B Towers
Simpson Grierson
Private Bag 92518
Wellesley Street
AUCKLAND