The Labour party has come out saying they would block the sale of Lochinvar station in the Central North Island.
Never mind that it was previously owned by Americans, currently owned privately by Kiwis and now being sold in a private sale. No…they would block it.
Which is in stark contrast on how they handled the sale of the neighbouring station, Poronui, back in 2007.
Finance Minister Michael Cullen and the Minister for Land Information David Parker announced the sale of the American-owned Poronui Station today, to American company Westervelt Sporting Lodges Ltd.
Westervelt Sporting Lodges Ltd had applied to the Overseas Investment Office to purchase the 6500 hectare property, which borders the Kaimanawa Forest Park.
Michael Cullen said: “We welcome foreign investment that has real benefits for New Zealand. Westervelt plans to expand the hunting business and market the lodge more aggressively overseas, which will help our tourism profile.
“This is further proof that the process introduced by the Overseas Investment Act in 2005 to ensure land sales benefit New Zealand is working.”Â Read more »