System of a Down singer fails to buy NZ beach property
The New Zealand Herald
04.07.05
By Louisa Cleave
The singer of American band System of a Down has failed in his bid to
buy a west coast beach property and develop a recording studio.
Serj Tankian planned to pay $890,000 for the 13.6ha property at Bethells
Beach but his application was refused by the Overseas Investment Commission.
The metal band played at New Zealand’s Big Day Out in 2002 and their
latest album, Mesmerize, entered the charts at number one here last month.
The Kokako Rd property is mostly bush covered but has an existing home
where Tankian proposed to incorporate an acoustic recording studio. He
would have lived in New Zealand “in the medium term”, according to a
proposal to the commission.
Tankian, the owner of Serjical Strike Records, wanted to identify local
musicians to record demos, and then seek recording deals for them in the
US, the commission said. He intended to rent out the studio but also use
it for personal projects.
The plan was rejected because it was not considered to be in the
national interest.