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The Overseas Investment Office approved the sale of more than 40,000 hectares of land in the south of the island to a Czech businessman, Lukas Travnicek, who has his permanent residence in New Zealand.
Photo: Provided / YouTube Collars
The land in question is Mount White Station, a 120-year-old sheep and ox station located near Arthur's Pass.
19659005] It includes 39,337 acres of pastoral lease 678 hectares of freehold land in Bealey
Land Information said the pastoral lease land would remain Crown property and that current public access to parts of the resort Mount White would continue.
The property includes nearly 1,000 acres. This is not the case when the Arthur & # 39; s Park was created in 1929 and the land was included in the lease pastoral of White Mountain in the early 1950s.
] Riversdale Flats was rented and grazed as a part from the Mount White station since the 1890s.
Land Information said that she would meet Mr. Travnicek to begin discussions on Riversdale Flats.
million. Travnicek received a New Zealand He needed the approval of the OIO because he returned temporarily to the Czech Republic in May 2017, so that he did not go back. was not currently resident in New Zealand and is considered a resident of New Zealand. overseas person under the Overseas Investment Act.
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