Decision number200620043
Application number200620044
Date18 September 2006
Offeror/applicantHart (Nigel Martin and Helen June) 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)Wooster (Terence John and Christine Elizabeth) of New Zealand
Business activitiesLifestyle Property
Details of land involved8 hectares of freehold situated at 191 Bells Road, Blenheim being CT MB4C/309 (Marlborough Registry).
Regions involvedNelson/Marlborough
Total consideration$1,181,250
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 resided in New Zealand since June 2006 with the intention to reside indefinitely in New Zealand. The Applicants, who have been granted New Zealand Long Term Business Visas, propose to acquire the subject property as a residence and a base for their business. The Applicants are demonstrating a commitment to New Zealand through applying for and taking up New Zealand permanent residency.

ContactPeter Radich
Radich Dwyer
P O Box 646
BLENHEIM