Decision number200610074
Application number200520069
Date13 June 2006
Offeror/applicantLeichter (Van Martin) and Williams (Krisahn Costas) of United States of America
Ultimate applicant beneficial ownership100 percent - United States of America
Beneficial overseas ownership 
- Asset current0 percent
- Asset proposed100 percent
- Share currentN/A
- Share proposedN/A
Offeree(s)/seller(s)Copp (Peter Albin and Marion Kathleen) of New Zealand
Business activitiesAgriculture - Horticulture & Fruit - Viticulture
Agriculture - Horticulture & Fruit - Orchard
Agriculture - Scrub/Native Bush
Details of land involved16.4 hectares of freehold situated at Pomona Road, Ruby Bay, Nelson being CT48057 (Nelson Registry).
Regions involvedNelson/Marlborough
Total consideration$1,875,000
Consent soughtTo acquire 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.
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 proposes to acquire the subject property to undertake a redevelopment of the land into a productive Sauvignon Blanc vineyard and avocado orchard. The land currently contains approximately 3 hectares of apple orchard that previously formed part of a larger apple orchard operated by the vendor.

The proposal is likely to result in the following benefits:

  1. the creation of new job opportunities;
  2. increased productivity; and
  3. the introduction of additional investment for development purposes.
ContactHamish Kennedy
Kennedy & Associates
P O Box 182
MOTUEKA