Cameron buys more New Zealand land
World-famous movie director David Cameron is extending his New Zealand empire further after buying even more land in Wairarapa. The country’s Overseas Investment Office has confirmed that it has given the Titanic and Avatar director permission to purchase another 30 hectares of land along Western Lake Road.
Cameron, who already owns 1,000ha in the area, says he wants to move permanently to New Zealand with his family. He and his wife have three children who they want to grow up with a strong work ethic in the countryside.
The price of the new acquisition has been listed as confidential, but documents from the OIO say the couple plans to use the land as a working farm. They already have an 817ha property overlooking Lake Pounui and a 250ha dairy farm in the same area. Cameron also now owns the lake in a deal that is thought to be worth about $20 million overall.
As the 57-year-old director was granted a New Zealand residency permit under the Investor Plus category, Cameron must now invest at least $10 million over the next three years and live in the country for 44 days a year in the final two years of the investment period.
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