Anne Gibson

Property editor of the NZ Herald

Cameron buys more Wairarapa farmland

Director James Cameron appears at a news conference. Photo / AP
Director James Cameron appears at a news conference. Photo / AP

Hollywood film tycoon James Cameron has made two further farm purchases but the prices have been suppressed.

The latest Overseas Investment Office decision, just out this morning, showed two separate applications and both were granted.

His T Base 2 Limited has consent to buy two slices of farmland:

* "An overseas investment in sensitive land, being the applicant's acquisition of a freehold interest in approximately 6.7085 hectares of land at Western Lake Road, South Wairarapa," was the first deal.

* "An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 41.43 hectares of land at 3434 Western Lake Road, South Wairarapa," was the second deal.

But no one can know how much he paid. In both cases, the consideration or the financial amount involved was withheld under a section of the Overseas Investment Act.

- NZ Herald

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