Decision number200620001
Application number200610108
Date4 July 2006
Offeror/applicantTruelove (Henry & Margaret Ann) 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)Mackway-Jones (Gary Jones and Ainslie Ngaire) and Nicolson (Edwin Alan) as trustees of the Mackway-Jones Family Trust of New Zealand
Business activitiesAgriculture - Horticulture & Fruit - Floriculture/Nursery
Details of land involved8 hectares of freehold situated at 196 Tinwald-Westerfield Road, Ashburton being CT CB47D/334 (Canterbury Registry).
Regions involvedCanterbury
Total consideration$720,056
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 Applicants have business experience and acumen relevant to and are demonstrating financial commitment towards the investment. The Overseas Investment Office is further satisfied that the Applicants are of good character and not the kind of persons referred to in section 7(1) of the Immigration Act 1987.

The Applicants have been granted New Zealand Long Term Business Visas and intend to reside permanently in New Zealand. The Applicants propose to acquire the subject property upon which lucerne is grown and a commercial Calla Lily operation is operated. The Applicants' business plan proposes increasing productivity of the property by growing vegetables and setting up a free range unit for hens.

The Applicants are intending to reside indefinitely in New Zealand and have applied for and will be taking up New Zealand permanent residency.

ContactAnnabel Sheppard/David Haigh
Wynn Williams & Co
PO Box 4341
CHRISTCHURCH