DecisionConsent Granted
Section 12(a) Overseas Investment Act 2005
Decision Date12 August 2016
InvestmentAn overseas investment in sensitive land, being the Applicant’s acquisition of a freehold interest in approximately 29.1353 hectares of land at 525 Lund Road, Katikati.
Consideration$1,750,000
ApplicantAlan Logan Craft (as trustee of the Manawa Toru Family Trust)
United States of America (100%)
VendorJohn Francis Taylor, Jill Christine Taylor, and EM Trustee No. 7 Limited as trustees of the Taylor Family Trust
New Zealand (100%)
Background

Alan Logan Craft intends 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 informationSam Nelson and Anna Walker
Lane Neave
P O Box 701
Queenstown