Two luxury property sales get go ahead

File photo / NZ Herald

Two luxury property deals have been approved by the Government's foreign investment watchdog.

Bill Birnie has consent to sell 21.2ha of land at the clifftop Bay of Islands subdivision, Mataka, on the Purerua Peninsula for $862,500, the Overseas Investment Office has ruled.

In the south Wairarapa, American investors can expand their interests at Wharekauhau resort, for a sum yet to be declared.

The office released both rulings on Thursday and said consent was required because the deals were for land deemed sensitive.