| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 19 June 2012 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 20.0098 hectares of land being Lot 14 Mataka Station located at Rangihoua Road, Kerikeri. |
| Consideration | $1,000,000 |
| Applicant | Nirvana Capital (NZ) Limited as trustee of the Verstraete Family Trust Belgium (100%) |
| Vendor | Mataka Limited New Zealand (100.0%) |
| Background | The Verstraete family intend to acquire the land to use as a private residence and intends to reside indefinitely in New Zealand. The overseas investment transaction has satisfied the criterion in section 16(1)(e)(i) of the Overseas Investment Act 2005. |
| More information | Edwin (Ted) Thomas Midlane Legal Consultants Limited 13 Beacon Avenue Campbells Bay AUCKLAND 0630 |