| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | The Minister for Land Information and the Associate Minister of Finance |
| Decision date | 8 February 2023 |
| Pathway(s) | Benefit to New Zealand |
| Investment | An overseas investment in sensitive land being the acquisition of approximately 6.5 ha of land at Withheld under s9(2)(b)(ii) of the Official Information Act 1082. |
| Asset value | Withheld under s9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Microsoft 6399 New Zealand Limited United States of America (79.41%); United Kingdom (7.84%); Canada (2.86%); Norway (1.65%); Switzerland (1.38%); Various (6.86%); |
| Vendor | Neil Construction Limited Malaysia (91%); Singapore (9%). |
| Background | Microsoft 6399 New Zealand Limited is a New Zealand registered company ultimately owned by Microsoft Corporation, an American multinational technology company with headquarters in Washington U.S. Microsoft Corporation develops, manufactures, licences, supports and sells computer software, consumer electronics, personal computers, and related services. Consent has been granted under the Benefit to New Zealand pathway for the Applicant to acquire a freehold interest in approximately 6.5 hectares of land at Withheld under s9(2)(b)(ii) of the Official Information Act 1982.(however at the time of publication, this acquisition remains conditional). The land is sensitive as it is non-urban land over 5 ha. The land is currently a vacant site, ready for development. The Applicant intends to construct a data centre on the land. The investment will support the two data centres currently under construction under the Applicant's previously consented significant business asset application (consent 201900507). The investment will benefit New Zealand by introducing significant capital into New Zealand (including approximately $180 million of initial capital investment into this site), and by creating 50 new full time equivalent (FTE) jobs once the data centre on this site is operational plus 300 temporary FTE jobs during construction of the data centre on this site. |
| More information | Tara Wylie Simpson Grierson (Auckland) Private Bag 92518 Auckland 1141 |
See the attached assessment report linked below, which was published in response to an Official Information Act request:
Overseas Investment Assessment Report – Microsoft 6399 New Zealand Limited
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