DecisionConsent granted
Section 12(a) Overseas Investment Act 2005
Decision MakerOverseas Investment Office
Decision Date6 August 2019
InvestmentAn overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 0.6 hectares of land at 35 Lady Ruby Drive, East Tamaki, Auckland.
Consideration$9,200,000
ApplicantElectropar Limited
Robert G Ruhlman, United States of America (33.0%)
Randall M Ruhlman, United States of America (28.7%)
Barbara P Ruhlman, United States of America (27.9%)
United States Public (10.4%)
VendorCarol Anne Campbell and Tony Lachlan Wallace as trustees of the Murray Wallace Trust
Tony Lachlan Wallace, New Zealand (50.0%)
Carol Anne Campbell, New Zealand (50.0%)
Background

The Applicant is a leading provider of electrical engineering solutions for the Australasian electrical transmission and distribution, defence and industrial sectors.

The investment will result in the Applicant acquiring the freehold in 0.6 hectares of land at 35 Lady Ruby Drive, East Tamaki, Auckland. The Applicant currently leases the Land and the buildings on it, from which it has operated manufacturing and warehousing aspects of its New Zealand business since 2010. Consent is required because the Land adjoins the Hampton Park reserve. The investment will support the Applicant to continue to operate and grow its New Zealand business.

The Applicant has previously undertaken investment that has been, and continues to be, of benefit to New Zealand. The investment will enhance the on-going viability of the operation and growth of the New Zealand business, which offers valuable services and products to New Zealand and employs New Zealanders. The investment is likely to result in added market competition and enhanced domestic services in New Zealand.

More informationTony Nicholson
Burton Partners
P O Box 8889
Auckland 1150