Decision number200620013
Application number200610107
Date24 July 2006
Offeror/applicantHays (Roderick Simon and Susan Jane) of United Kingdom
Ultimate applicant beneficial ownership100 percent - United Kingdom
Beneficial overseas ownership 
- Asset current100 percent
- Asset proposed100 percent
- Share currentN/A
- Share proposedN/A
Offeree(s)/seller(s)Pomfret (Peter Neville and Diane Elizabeth) of United Kingdom
Business activitiesLifestyle Property
Details of land involved7.017 hectares of freehold situated at 34 Ironbark Road, Kerikeri, Northland being CT 164670 (North Auckland Registry).
Regions involvedNorthland
Total consideration$1,350,000
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 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 and family have moved to New Zealand in March 2006 with the intention to reside indefinitely in New Zealand. The Applicants who are in the process of applying for New Zealand Long Term Business Visas propose to acquire the subject property as a residence and a base to establish their fishing tackle business.

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

ContactAmanda Kennedy
Just Law
P O Box 702
KERIKERI