| Decision |
Consent granted |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 27 March 2023 |
| Pathway(s) | Significant Business Assets only |
| Investment | An overseas investment in significant business assets, being the acquisition by Bowen Investment Limited Partnership of the land and buildings at 40 & 44 Bowen St, Wellington; and the right to acquire PPNZ Bowen Investments Limited’s 20% interest in Bowen Investment Limited Partnership and all of the shares in Bowen Investment GP Limited, by CC Aeolus Pte. Ltd. |
| Consideration | $240,000,000 |
| Applicant |
Bowen Investment Limited Partnership and CC Aeolus Pte. Ltd. |
| Vendor | Precinct Properties Holdings Limited New Zealand (54.38%) United Arab Emirates (15%) USA (7.78%) Australia (4.65%) Various (18.19%) |
| Background |
Both Bowen Investment Limited Partnership and CC Aeolus Pte. Ltd. are newly formed entities formed to hold the interests they will acquire as a result of this transaction. Bowen Investment Limited Partnership is 80% owned by CC Aeolus Pte. Ltd. and 20% held by PPNZ Bowen Investment Limited’s, which is part of the Precinct properties group. Withheld under s9(2)(b)(ii) of the Official Information Act 1982 As a result of this transaction:
LINZ granted consent as it considered the Applicants have met the investor test criterion |
| More information |
Andrew Petersen |