DecisionConsent declined
Section 12(a) Overseas Investment Act 2005
Decision Date9 September 2016
InvestmentAn overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 2.8202 hectares of land at 20 Bristol Road, Whenuapai, Auckland.
Consideration$6,550,000
ApplicantYaping Gao and Shibo Jiang
China, People's Republic of (100%)
VendorLiang Lou
New Zealand (100%)
Background

The Applicants have been granted New Zealand residence visas but were unable to confirm a current intention to reside indefinitely in New Zealand.

Consent was declined as the delegated decision maker was not satisfied the criterion in section 16(1)(e)(i) of the Overseas Investment Act 2005 were met.

More informationGreg Allen
Simpson Grierson
Private Bag 92518
AUCKLAND 1141