| Decision | Consent declined Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision Date | 9 September 2016 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 2.8202 hectares of land at 20 Bristol Road, Whenuapai, Auckland. |
| Consideration | $6,550,000 |
| Applicant | Yaping Gao and Shibo Jiang China, People's Republic of (100%) |
| Vendor | Liang Lou New Zealand (100%) |
| Background | The Applicants have been granted New Zealand residence visas but were unable to confirm a current intention to reside indefinitely in New Zealand. Consent was declined as the delegated decision maker was not satisfied the criterion in section 16(1)(e)(i) of the Overseas Investment Act 2005 were met. |
| More information | Greg Allen Simpson Grierson Private Bag 92518 AUCKLAND 1141 |