James Cameron continues NZ buying spree

Last updated 15:39 31/07/2013

Relevant offers

Farming

Red beef by word of mouth Farming mixes with writing at Triple Springs Agreed liveweight targets key to well-grown heifers Debt a big hurdle to breaking even Feed mix proving a sensible winner for droughts Aussie lamb at $10 a kilogram McDonald's aims to beef up its burger image Prime lamb prices ease at Canterbury sales Quad bike safety: Farmers starting to feel picked on Heavy ewes in strong demand at Coalgate

Hollywood filmmaker James Cameron is buying another large Wairarapa property.

The Overseas Investment Office revealed today that it has granted permission for the Avatar and Titanic director to buy 420 hectares of land in Western Lake Rd, south of Featherston.

The value of the sale was kept confidential in the decision, which was made last month but made public today.

The land was sold by Peveral Industries Ltd and Macland Farms Ltd - both 100 per cent New Zealand owned.

As with previous decisions, the office reiterated that Cameron, 58, and his family - wife Suzy Amis and daughters Claire and Quinn, 10, and Elizabeth Rose, 5 - plan to live indefinitely in New Zealand and are buying land on Western Lake Rd to use together as a home and working farm. 

This latest decision followed the purchase last month of a walnut orchard in Carterton and another 10-hectare property on Western Lake Rd.

In a buying spree over the last few years, the Canadian-born director - who has helmed some of the most lucrative films in cinema history - paid about $20 million for a 817ha Pounui property and a 250ha dairy farm in January 2012.

Later in 2012 he added a 10ha lifestyle block, two further lifestyle blocks and a 13ha site containing several buildings - all in the South Wairarapa district.

Documents released under the Official Information Act last year showed that Cameron applied for New Zealand residency under Immigration New Zealand's Investment Plus category - which is restricted to people investing more than $10m.

He was required to spend at 88 days in the country over two years to meet his residency requirements.

Ad Feedback

- The Dominion Post

Comments

Special offers
Opinion poll

Is it time for authorities to introduce tougher penalties for poaching?

Yes

No

Vote Result

Related story: Booby traps for poachers cost farmers

Featured Promotions

Sponsored Content

rural digi editions 4/9

Digital editions

Read our rural publications online