DecisionConsent granted
Section 12(a) Overseas Investment Act 2005
Decision date20 March 2015
InvestmentAn overseas investment in sensitive land, being the Applicants’ acquisition of a stratum in freehold interest in approximately 0.7087 hectares of land at 210-218 Victoria Street West, Auckland.
Consideration$1,850,000
ApplicantUte and Fraser Charles Partridge
German Public (50.0%)
United Kingdom Public (50.0%)
VendorVictoria Quarter No. 1 Limited as trustee of the Victoria Quarter No. 1 Trust
New Zealand Public (100%)
Background

The Applicants have recently immigrated to New Zealand and hold resident visas and intend to reside indefinitely in New Zealand. They intend to acquire the Property as a long term investment. 

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

More informationSam Greenwood
Thompson Blackie Biddles
PO Box 1996
Shortland Street
AUCKLAND 1140