Decision number200610048
Application number200610047
Date3 May 2006
Offeror/applicantKirby (Alexandre Daniel) of United Kingdom
Ultimate applicant beneficial ownership100 percent - United Kingdom
Beneficial overseas ownership 
- Asset current0 percent
- Asset proposed100 percent
- Share currentN/A
- Share proposedN/A
Offeree(s)/seller(s)Keating (Michael Anthony and Dawn Patricia) of New Zealand
Business activitiesLifestyle Property
Details of land involved1.1542 hectares of freehold situated at 4316 State Highway 23, Raglan being CT SA66B/806 (South Auckland Registry).
Regions involvedWaikato
Total consideration$930,000
Consent soughtTo acquire:
  1. an interest in land which, either alone or together with any associated land of that type, is or includes non-urban land and exceeds 5 hectares in area; and
  2. an interest in land which, either alone or together with any associated land, exceeds 0.2 hectares and adjoins the foreshore.
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 who has applied for New Zealand permanent residency under the Skilled Migrant category, proposes to acquire the subject property as a permanent residence for himself and his family.

The Applicants are demonstrating a commitment to New Zealand through applying for and taking up New Zealand permanent residency.

ContactJuanita Lidgard
Jon Webb
PO Box 132
HAMILTON