Decision number200520052
Application number200510081
Date9 September 2005
Offeror/applicantCONFIDENTIAL
Ultimate applicant beneficial ownership100 percent - Australia, Australian Public
Beneficial overseas ownership 
- Asset currentN/A
- Asset proposedN/A
- Share current2.63 percent
- Share proposed52.63 percent
Offeree(s)/seller(s)CONFIDENTIAL
Business activitiesProperty & Business Services - Property
Details of land involvedCONFIDENTIAL
Regions involvedBay of Plenty/Coromandel
Canterbury
Total considerationCONFIDENTIAL
Consent Sought - 1995 RegsCONFIDENTIAL
Rationale

The application has been approved as it met the criteria.

The Overseas Investment Office is satisfied that the Applicant has business experience and acumen relevant to and is demonstrating financial commitment towards the investment.  The Overseas Investment Office is further satisfied that the persons who exercise control over the Applicant are of good character and not the kind of persons referred to in section 7(1) of the Immigration Act 1987.

CONFIDENTIAL

ContactGreg Thompson/Dan Arapere
Russell McVeagh
P O Box 8
AUCKLAND