Applicant
Towarek (Michael) and (Julita Anna Arent)
Case number(s)
200720044
Decision date
Type
Decision
Decision number200720044
Application number200720083
Date16 October 2007
Offeror/applicantTowarek (Michael) and (Julita Anna Arent)
Ultimate applicant beneficial ownership100 percent - United Kingdom, United Kingdom Public
Beneficial overseas ownership 
- Asset current0 percent
- Asset proposed100 percent
- Share currentN/A
- Share proposedN/A
Offeree(s)/seller(s)Smith (Robert McLain) & (Sally Crews Eckstrom) & Swain (Alain David) of New Zealand
Business activitiesLifestyle Property
Details of land involved28.7833 hectares of freehold situated at 331 Redwood Valley Road, Redwood Valley, Nelson being CT 13498 (Nelson Registry).
Regions involvedNelson/Marlborough
Total consideration$2,100,000
Consent soughtTo acquire an interest in land which, either alone or together with any associated land of that type, is or includes non-urban land and exceeds 5 hectares in area.
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:
The primary beneficiaries of the Applicant are Mr and Mrs Towarek. Mrs Towarek has been issued with a New Zealand work visa and permit to work, and is currently living and working in New Zealand as a dental assistant. Mr Towarek has no New Zealand visa or permit and is currently completing his employment obligations in the UK. The Applicants' dependent daughter is currently residing in New Zealand and attending Henley School in Richmond.

Outline of Proposed Investment:
Mr and Mrs Towarek wish to complete the purchase of the land through their New Zealand trust, the Towarek Family Trust established in 2007.

Rationale of Proposed Investment:
Mr and Mrs Towarek propose to undertake the overseas investment because they wish to permanently relocate to New Zealand, primarily for lifestyle reasons. The dwelling on the land will be the primary residence of Mr and Mrs Towarek.

ContactJeremy Barton
Duncan Cotterill
PO Box 827
NELSON 7040