DecisionConsent granted
Section 12(a) Overseas Investment Act 2005
Decision date11 July 2011
InvestmentAn overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 1,386.9685 hectares of land at 1243 Mataikona Road, RD 9, Masterton.
Consideration$5,750,000
ApplicantRobin Otto Georg Haab & Astrid Haab-Zuber
Switzerland (100%)
VendorAlic Francis Foreman, Alan Wallace Gawith & Alan Peter Laing as trustees of the Mataikona Family Trust
New Zealand (100%)
Background

The Applicants intend to immigrate to and reside permanently in New Zealand on the property. The Applicants application for residence has been approved in principle by New Zealand Immigration.

The overseas investment transaction has satisfied the criteria in section 16(1)(e)(i) of the Overseas Investment Act 2005.

More informationDavid Haigh
Wynn Williams & Co
PO Box 4341
CHRISTCHURCH 8140