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.

Update by JP:

Serj Tankian told the Herald he was "pretty disappointed" the Overseas Investment Commission rejected his proposal to buy a mainly bush-covered 13.69ha site in Bethells Beach.

"I have learned an important lesson. I cannot place myself in any situation where someone else's decisions will affect my home," he said.

Tankian wanted to build an acoustic recording studio in an existing home o­n the Kokako Rd property. He proposed to identify local talent to record song demos and seek record deals for them in America.

Tankian said the commission wanted annual reports o­n his activities in New Zealand.

"I was cool with the first three years, but they wanted to be able to renew their ability to get reports from me and decide if I was compliant with the application.

"I couldn't agree to a governmental body checking up o­n me yearly and applying scientific methods to finding good music, making records, and distributing them internationally, just so I can be able to live in that house."

Tankian, who played at the Big Day Out this year, said he had fallen in love with the spirit of New Zealand, "political neutrality, cultural awareness, and environmental respect among [the attractions]".

SYSTEM OF A DOWN has been o­n a world tour and promoting a new critically acclaimed album, "Mezmerize", which entered charts around the world at No 1 in May.

"I would like to spend some time there after my touring cycle and find another place, o­ne that won't need OIC approval, hopefully," said Tankian.

He commended New Zealand officials for protecting the country's land and resources.

Neil Finn, who provided a character reference to the commission, said it seemed incredible the application was rejected.

"Having talked with Serj myself it's obvious that he had the best intentions for the preservation of the land in its natural state.

"His band sells millions of records and he is a principled and charming man."


By Louisa Cleave from <A href="http://www.nzherald.co.nz/index.cfm?c_id=6&ObjectID=10334076" target=_blank>nzherald.co.nz

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