GPC Asia Pacific Limited
Case number(s)
Decision date
DecisionConsent granted
Section 13(1)(c) Overseas Investment Act 2005
Decision makerToitū Te Whenua Land Information New Zealand
Decision date27 February 2024
Pathway(s)Significant Business Assets
InvestmentA leasehold interest for 35 years in approximately 5.81 hectares of non-sensitive land at 20 Puaki Drive, Wiri, Auckland.
ConsiderationWithheld under section 9(2)(b)(ii) of the Official Information Act 1982.
ApplicantGPC Asia Pacific Limited
United States of America 100%
VendorEden Puaki Drive Sub Limited Partnership
Funds managed and advised by entities associated with BlackRock, comprised of entities which are 90% overseas owned. 

The Applicant is a member of the GPC Asia Pacific group, supplying automotive aftermarket and industrial replacement parts in Australia, New Zealand, Indonesia and Singapore. The Applicant is best known in New Zealand for its Repco retail stores.

The Applicant is selling its freehold interest in the land to the Vendor which is then leasing the land back to the Applicant. The land houses the Applicant’s main distribution centre in New Zealand, which supports distribution of products to stores and customers in New Zealand and the South Pacific.

Consent was required because the total value of the leasehold interest in the land exceeds $100 million.

Consent was granted as the Applicant met the investor test criterion.

More informationTony Nicholson
Burton Partners
PO Box 8889
Auckland 1150