Applicant
Redemption Song LLC
Case number(s)
200820028
Decision date
Type
Decision
Decision number200820028
Application number200810065/200820038
Date3 September 2008/12 September 2008
Offeror/applicantRedemption Song LLC
Ultimate applicant beneficial ownership100 percent - United States of America
Beneficial overseas ownership 
- Asset current22.03 percent
- Asset proposed100 percent
- Share currentN/A
- Share proposedN/A
Offeree(s)/seller(s)Little Ridge Limited
18.06 percent - New Zealand, Broomfield (David Benjamin)
13.535 percent - New Zealand, Broomfield (Helen)
13.535 percent - New Zealand, Conway (Scott)
11.47 percent - New Zealand, New Zealand Public
7.4902 percent - Hong Kong, Fong (Lynly Wai Yen)
7.2699 percent - Singapore, Fong (M W L)
7.2699 percent - Japan, Fong (C W L)
6.025 percent - New Zealand, Broomfield (Nina)
6.025 percent - New Zealand, Hanson (Richard)
4.66 percent - New Zealand, Hindle (Karen)
4.66 percent - New Zealand, Hindle (Keith)
Business activitiesEducation Services
Details of land involved48.9123 hectares of freehold situated at Littles Road, Dalefield, Queenstown being CT OT58/178 (Otago Registry).
Regions involvedOtago
Total consideration$4,500,000
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 individuals with control of the Applicant collectively have business experience and acumen relevant to the overseas investment, and that the Applicant has demonstrated financial commitment towards the overseas investment. The Overseas Investment Office is further satisfied that each individual that exercises control over the Applicant is of good character and is not an individual of the kind referred to in section 7(1) of the Immigration Act 1987.

Rationale for the Investment:
The property will be made available as a physical classroom for educating Otago Polytechnic students, and other New Zealand organisations in the field of design, construction and environmental sustainability, in the design, installation and maintenance of an environmentally sustainable home.

The proposed overseas investment will, or is likely to, benefit New Zealand (or any part of it or group of New Zealanders) having regard to the following benefits:

Overseas Investment Act 2005:
s17(2)(a)(i) - New job opportunities.
s17(2)(a)(ii) - Introduction of new technology or business skills.

Overseas Investment Regulations 2005:
r28(a) - Consequential benefits.
r28(f) - Advancing Government policy.

ContactAndrew Harmos/Mary-Elizabeth Tuck
Harmos Horton Lusk
PO Box 28
Shortland Street
AUCKLAND