Section 13(1)(c) Overseas Investment Act 2005
|Decision Date||31 March 2017|
An overseas investment in significant business assets, being the Applicant’s acquisition of property in New Zealand used in carrying on business in New Zealand for consideration exceeding $100 million, that property being:
New Zealand Public (71.39%)
Various overseas persons (28.61%)
|Vendor||Kiwi Property Holdings Limited|
New Zealand Public (74.1%)
United States Public (14.3%)
Australian Public (4.0%)
United Kingdom Public (3.5%)
European Public (2.8%)
Asian Public (1.3%)
The Applicant is an NZX listed company with a diverse property portfolio across retail, industrial and commercial buildings throughout New Zealand.
The overseas investment transaction has satisfied the criteria in section 18 of the Overseas Investment Act 2005.
|More information||Andrew Petersen|
PO Box 4199