| Decision | Consent declined |
|---|---|
| Decision Maker | The Minister for Land Information and the Associate Minister of Finance |
| Decision Date | 16 October 2019 |
| Pathway(s) | Sensitive land – substantial and identifiable benefit to New Zealand |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 56.6000 hectares of land at Wynyard Crescent, Fernhill, Queenstown. |
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act |
| Applicant | Wilkes Right Break Pty Limited Paul Michael O'Dea, Australia (100%) |
| Vendor | Passion Development Limited Min Yang, New Zealand (83%) Zhi Liu, New Zealand (17%) |
| Background | The Applicant’s development plans for the land included the construction of mountain biking and walking trails, residential lots and visitor accommodation. Ministers were not satisfied that the development of the residential lots and visitor accommodation was likely to proceed as it was contingent on feasibility studies and there were concerns about the Applicant’s ability to fund the development. Therefore, they were not satisfied that sufficient benefit to New Zealand was likely to occur. |
| More information | Robert Huse Anderson Lloyd Lawyers PO Box 201 QUEENSTOWN 9300 |