Decision number200610025
Application number200610054
Date6 March 2006
Offeror/applicantGibbston Valley Lodge NZ LLC
Ultimate applicant beneficial ownership100 percent - United States of America, The Phillip D Griffith Family Trust
Beneficial overseas ownership 
- Asset current0 percent
- Asset proposed100 percent
- Share currentN/A
- Share proposedN/A
Offeree(s)/seller(s)Glenroy Station Limited of New Zealand
Business activitiesAccommodation - Hotel/Motel/Lodge
Details of land involved2.3488 hectares of freehold situated at 1850 Gibbston Highway, Gibbston Valley. being part CT 113342 (Otago Registry).
Regions involvedOtago
Total consideration$675,000
Consent sought - 1995 RegsTo acquire an estate or interest in land which together with any associated land exceeds five hectares in area.
Rationale

The application has been approved as it met the criteria.

The Overseas Investment Office is satisfied that the individuals with control of the Applicant collectively have business experience and acumen relevant to the overseas investment, and that the Applicant has demonstrated financial commitment towards the overseas investment. The Overseas Investment Office is further satisfied that each individual that exercises control over the Applicant is of good character and is not an individual of the kind referred to in section 7(1) of the Immigration Act 1987.

The Applicant is an associated person of Gibbston Valley Wines Limited (GVWL) by virtue of Mr Griffith's interests in the Applicant and GVWL. GVWL owns land adjacent to the subject land on which GVWL operates a vineyard, a cheesery, and a restaurant. The Applicant proposes to construct, and operate a luxury lodge on the subject land and the adjoining land (refer A200520053). Resource consents have been granted to the Applicant. The Applicant intends that the luxury lodge will complement the activities of GVWL together with other visitor attractions in the Gibbston Valley and the wider Queenstown region.

The proposal is likely to result in the following benefits:

  1. the creation of new employment opportunities;
  2. the introduction of capital for development purposes; and increased productivity.
ContactAlistair Moore / Kate Hesson
Anderson Lloyd Caudwell
Private Bag 1959
DUNEDIN