Exemption certificate granted by the OIO

We are pleased to announce our achievement of securing an Exemption Certificate for the Jervois and Lawrence Apartments development in Herne Bay for the maximum permissible percentage on 27 June 2019.

With the approval of an overseas exemption certificate, this allows overseas people to buy apartments off the plans. Jervois & Lawrence can sell up to 60% of the units to overseas people, and those overseas people who buy do not need consent from the OIO. They cannot live in the apartments, but they can own the apartments as investment properties and do not have to on-sell the apartments.