Decision number200720002
Application number200710081
Date5 July 2007
Offeror/applicantFletcher Concrete and Infrastructure Limited
Ultimate applicant beneficial ownership42 percent - New Zealand, New Zealand Public
34 percent - Australia, Australian Public
13 percent - United States of America, US Public
11 percent - Various, Various overseas persons
Beneficial overseas ownership 
- Asset current0 percent
- Asset proposed58 percent
- Share currentN/A
- Share proposedN/A
Offeree(s)/seller(s)Gadsden (Adrian Thomas), Healy (Kim Anne) and Collins (Vicki) as trustees of the Lancewood Family Trust of New Zealand
Business activitiesManufacturing - Non-metallic Minerals
Details of land involved19.8553 hectares of freehold situated at 242 Bluff Road, Pokeno, South Auckland being CT NA131B/303 (North Auckland Registry).
Regions involvedSouth Auckland
Total considerationCONFIDENTIAL
Consent soughtTo acquire an interest in land which, either alone or together with any associated land of that type, is or includes non-urban land and exceeds 5 hectares in area.
Rationale

The application has been approved as it met the criteria.

The Overseas Investment Office is satisfied that the individuals with control of the Applicant collectively have business experience and acumen relevant to the overseas investment, and that the Applicant has demonstrated financial commitment towards the overseas investment. The Overseas Investment Office is further satisfied that each individual that exercises control over the Applicant is of good character and is not an individual of the kind referred to in section 7(1) of the Immigration Act 1987.

Rationale for Proposed Development:
CONFIDENTIAL

ContactGreg Allen
Simpson Grierson
Private Bag 92518
AUCKLAND