Section 12(a) Overseas Investment Act 2005
|Decision Date||5 July 2017|
|Investment||An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 4.0391 hectares of land at 13 Carlin Creek, Lakeside Estates, Queenstown.|
|Applicant||Edgar Henry Bachrach as Trustee of the Edgar H Bachrach Trust|
Edgar Henry Bachrach, United States of America (100%)
|Vendor||C Mulgrew, B Mulgrew & S Dolan |
Belinda Margaret Mulgrew, Craig Stephen Mulgrew and Shane Christopher Dolan as trustees of a trust, New Zealand (50%)
Craig Stephen Mulgrew, Belinda Margaret Mulgrew and Shane Christopher Dolan as trustees of a trust, New Zealand (50%)
The overseas investment involves the acquisition of a freehold interest in a 0.4231 hectare lifestyle block and an undivided 1/39th interest in a further 3.616 hectares of common land. The land is contained within a residential subdivision. The Applicant intends to acquire the land for the purpose of building a holiday house.
The Applicant will undertake a planting and a pest control programme on the land.
As a result of the investment the Applicant will also provide support to the Wakatipu Search and Rescue.
|More information||Elliot Goldman|
PO Box 1399