DecisionConsent granted
Section 12(a) Overseas Investment Act 2005
Decision Date17 February 2017
InvestmentAn overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 12.4110 hectares of land located at 704 Malaghan Rd, Speargrass Flat, Queenstown.
Consideration$4,200,000
ApplicantTimothy Andrew Roberts
Australia (100%)
VendorQueenstown Corporation Limited
Donald Fletcher, New Zealand (100%)
Background

The Applicant 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 informationCatherine Reid
Barrister
catherine@catherinereid.co.nz