New Zealand examines Lauer’s ranch purchase after his firing
WELLINGTON, New Zealand — The ripples from the firing of Matt Lauer as the co-host of the Today morning news show have hit the world of New Zealand property, where officials are already scrutinizing the role of foreign buyers in an increasingly expensive market.
A New Zealand government agency said Thursday that it was in discussions with Lauer’s representative over his purchase of a 16,000-acre farm there. Foreigners must pass a good-character test to be allowed to buy New Zealand land. While Lauer’s purchase was approved earlier this year, the country’s Overseas Investment Office is revisiting his case in light of his firing. Officials from that agency “are seeking further information,” said Lisa Barrett, a spokeswoman for the agency. The agency can require buyers to dispose of the property if it believes the rules have been violated.
NBC on Wednesday said it fired Lauer from Today following an allegation of sexual harassment.
Lauer’s purchase of the lease to Hunter Valley Station, a ranch on the shore of Lake Hawea on New Zealand’s South Island, was approved in February. He bought the property with his wife, Annette Lauer, through a New Zealand-based company, according to investment office documents. The value of the property was not clear; local news media put the price at $9.2 million.
For foreign buyers, New Zealand’s definition of good character is broad. Foreign buyers can fail the test if officials found they had committed “offenses or contraventions of the law,” whether they were convicted of a crime or not. The agency can consider “other relevant matters” in making its decision.