Decision Summary - Fletcher Concrete and Infrastructure Limited
| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 19 June 2009 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 19.7900 hectares of land at 482-484 Hunua Road, Hunua. |
| Consideration | $2,200,000 |
| Applicant | Fletcher Concrete and Infrastructure Limited New Zealand (66.11%), Australia (33.56%), Various (0.33%) |
| Vendor | Joy Eunice Calway New Zealand (100.0%) |
| Background | The Applicant has extensive land holdings in New Zealand for its quarry operations. It owns the Hunua Quarry which is in the near vicinity of the relevant property. The Applicant views the acquisition of the property as part of its strategy to establish non-residential buffer zones around its quarry sites so as to:
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| More information | Greg Allen Simpson Grierson Private Bag 92518 Wellesley Street AUCKLAND |
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