Overseas owner fined over Cambridge land purchase
A partnership funded by Hong Kong interests should have gained permission before buying the property, LINZ says.
The offshore owner needed permission because the land is rural and over 5ha
A partnership has been ordered to pay $97,500 in penalties after buying a piece of rural land near Cambridge without permission under overseas investment rules.
Trinity Green Estate Partnership was controlled and funded from offshore when it bought 8.5 hectares at 80 Laurent Road in 2016 with the
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