Overseas investors fined almost $3 million for illegal purchase of Auckland properties
The High Court yesterday ordered the overseas owners of two rural properties at Warkworth, north of Auckland, to pay $2.95 million to the Crown after an Overseas Investment Office (OIO) investigation found they were bought without consent. The properties were bought in 2012 and 2014.
- Regulatory, Overseas Investment
- Published: 5 July 2019