Section 12(b) Overseas Investment Act 2005
Section 13(1)(a) Overseas Investment Act 2005
|Decision Date||7 December 2017|
CPPIB US RE-3, Inc to acquire up to 50% of the securities in PSPIB Waiheke Inc, being an investment in significant business assets and sensitive land, which is a freehold interest in approximately:
|Applicant||CPPIB US RE-3, Inc|
Canada Pension Plan Investment Board, Canada (100.0%)
|Vendor||Public Sector Pension Investment Board|
Canadian Government (100.0%)
The Applicant is a Canadian based pension fund that specialises in long term real estate investments globally.
The Vendor will continue to own a 50% interest in the shares of PSPIB Waiheke Inc.
The investment is likely to result in the following benefits to New Zealand:
|More information||Matthew Carroll|
PO Box 2206