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Filmmaker Cameron buys more NZ property
| Published: | 31 May at 6 PM |
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Moviemaker James Cameron is continuing to but up land in Wairarapa, purchasing another three properties to his New Zealand empire.
Cameron received the green light from the Overseas Investment Office (OIO) to buy close to 30 hectares of land in south Wairarapa. He already owns more than 1000ha of farmland here.
Spread across three properties around Western Lake Road, the prices have been kept confidential. The OIO’s report of Cameron's new purchase says that the filmmaker plans to stay in New Zealand "indefinitely" with his family.
The OIO said that the family are acquiring the estates as part of a bigger land acquisition in South Wairarapa. They will use this as a residence as well as a working farm.
The director and wife Suzy Amis say they wish to raise their kids - 10-year-old twins Quinn and Claire, and 5-year-old Elizabeth Rose - near the land and teach them a strong work ethic.
It is said that Cameron paid nearly $20 million last January for two gigantic rural Wairarapa properties. One was a 250 hectare dairy farm, while the other was a much bigger 817 hectare hillside property with a view of Lake Pounui. Cameron now also owns the lake.
Last February, The Dominion Post reported that he had applied for New Zealand residency with Immigration NZ's Investment Plus category. This visa is reserved for anyone investing over $10 million. As such, the Avatar director must now live at least 44 days in the country each year during the last two years of a three- year period of investment.
Cameron received the green light from the Overseas Investment Office (OIO) to buy close to 30 hectares of land in south Wairarapa. He already owns more than 1000ha of farmland here.
Spread across three properties around Western Lake Road, the prices have been kept confidential. The OIO’s report of Cameron's new purchase says that the filmmaker plans to stay in New Zealand "indefinitely" with his family.
The OIO said that the family are acquiring the estates as part of a bigger land acquisition in South Wairarapa. They will use this as a residence as well as a working farm.
The director and wife Suzy Amis say they wish to raise their kids - 10-year-old twins Quinn and Claire, and 5-year-old Elizabeth Rose - near the land and teach them a strong work ethic.
It is said that Cameron paid nearly $20 million last January for two gigantic rural Wairarapa properties. One was a 250 hectare dairy farm, while the other was a much bigger 817 hectare hillside property with a view of Lake Pounui. Cameron now also owns the lake.
Last February, The Dominion Post reported that he had applied for New Zealand residency with Immigration NZ's Investment Plus category. This visa is reserved for anyone investing over $10 million. As such, the Avatar director must now live at least 44 days in the country each year during the last two years of a three- year period of investment.
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