| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 30 April 2012 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 66.1980 hectares of land at 155 Wairakau Road, Te Aroha. |
| Consideration | $1,350,000 |
| Applicant | Richard James Pittard & Carol Jane Barnard United Kingdom (100%) |
| Vendor | Normac Farms Limited New Zealand (100%) |
| Background | Mr Pittard and Ms Barnard intend to reside indefinitely in New Zealand and are acquiring the property to reside on and operate as a working farm. The overseas investment transaction has satisfied the section 16(1)(e)(i) criterion of the Overseas Investment Act 2005. |
| More information | Sean Mason Sean Mason Law PO Box 227 Morrinsville 3340 |