DecisionConsent granted
Section 12(a) Overseas Investment Act 2005
Decision Date13 July 2017
InvestmentAn overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 5.0005 hectares of land at 473 Kauaeranga Valley Road, Thames, Thames-Coromandel.
Consideration$1,190,000
ApplicantAilsa and George Wilson
Ailsa Jane Wilson, Australia (50.0%)
George Bruce Duncan Wilson, Australia (50.0%)
VendorMonika Lange
New Zealand (100%)
Background

The Applicants have satisfied the OIO that they intend to obtain New Zealand residency and reside in New Zealand indefinitely.

Overseas persons intending to reside in New Zealand indefinitely are not required to show that their investment in sensitive land is likely to benefit New Zealand. This is because the ownership of that land will assist new migrants to settle in New Zealand and the benefits of the proposed migration will be considered under immigration legislation.

More informationGreg Allen
Simpson Grierson 
Private Bag 92518
AUCKLAND 1141