DecisionConsent granted
Section 12(a) Overseas Investment Act 2005
Decision Date5 July 2017
InvestmentAn 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.
Consideration$820,000
ApplicantEdgar Henry Bachrach as Trustee of the Edgar H Bachrach Trust
Edgar Henry Bachrach, United States of America (100%)
VendorC 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%)
Background

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 informationElliot Goldman
Goldman Legal
PO Box 1399
Queenstown