Section 12(a) Overseas Investment Act 2005
|Decision Date||5 September 2017|
|Investment||An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 17.5980 hectares of land at 870 Te Matai Road, Te Puke, Tauranga.|
|Applicant||Craigmore Permanent Crop Limited Partnership|
Hong Kong (SAR) (24.45%)
United Kingdom (13.71%)
United States of America (3.96%)
New Zealand (3.05%)
|Vendor||Robert William Thode and Olesen Trustees (2011) Limited as trustees of the Robert Thode Family Trust|
New Zealand (100%)
The Applicant is a limited partnership established as a horticulture investment vehicle and is part of the wider Craigmore Farming Group.
The land being acquired is currently being operated as a kiwifruit orchard growing a combination of Hayward and Kiwiberry kiwifruit. The Applicant intends to improve orchard production and export returns by grafting new G3 kiwifruit vines, converting part of the orchard to organic G3 kiwifruit production, and upgrading infrastructure.
The benefits to New Zealand include:
|More information||Oliver Roberts|
PO Box 5