DecisionConsent Granted
Section 12(a) Overseas Investment Act 2005
Decision Date18 August 2016
InvestmentAn overseas investment in sensitive land, being Volker Udo Zahn’s acquisition of a freehold interest in 8.0484 hectares of land at 14 Gibbston Back Road, Gibbston Valley.
Consideration$3,600,000
ApplicantVolker Udo Zahn and Heike Maria Zahn
Germany (100%)
VendorM L Holtzman
Hungary (100%)
Background

Volker Udo Zahn and Heike Maria Zahn intend to migrate to New Zealand and reside in New Zealand indefinitely.

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

More informationMatthew Edwards
Berry & Co
PO Box 179
Queenstown 9348