| Decision | Consent Approved Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Toitū Te Whenua LINZ |
| Decision Date | 11 July 2022 |
| Pathway(s) | Intention to reside |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 985.6139 ha of land at 12 Mendip Road, Fernihust, Hurunui (Property). |
| Asset Value | $13,250,000 |
| Applicant | Thomas Hermann Grothe Germany 100% |
| Vendor | One Tree Hill Limited and Te Puna Trustee Limited (New Zealand 100%) |
| Background |
The Applicant has satisfied the LINZ that he intends to reside in New Zealand indefinitely. The Applicant’s wife and two children have also obtained a resident class visa as a result of the Applicant’s successful residency application. The Applicant has incorporated a New Zealand limited partnership to settle the sale and purchase agreement for the Property. Overseas persons intending to reside in New Zealand indefinitely are not required to show that their investment in sensitive land is likely to benefit New Zealand. This supports migrants in the process of moving to New Zealand to make New Zealand their home. |
| More information | Dominika Mitchell Tavendale and Partners Limited PO Box 442 Christchurch |