| Decision | Consent granted Section 13(1)(c) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 1 February 2024 |
| Pathway(s) | Significant business assets only |
| Investment | The internalisation of the management of Goodman Property Trust. |
| Consideration | $264,200,001 |
| Applicant | Goodman Property Trust New Zealand 44% Australia 22% United States of America 13% China 4% Europe 3% Japan 5% Various 9% |
| Vendor | Goodman Group Australia 46% United States of America 18% China 10% Europe 9% United Kingdom 6% Japan 2% New Zealand 2% Singapore 1% Various 6% |
| Background | Goodman Property Trust is an NZX-listed unit trust investing in Auckland industrial property. The unitholders wish to ‘internalise’ the management of Goodman Property Trust. The transaction is intended to structurally replicate an NZX listed unit trust structure from a control perspective. Consent was granted as the Applicant met the investor test criterion |
| More information | Lance Jones Russell McVeagh (Auckland) PO Box 8 Auckland 1140 |