| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 4 December 2018 |
| Investment | An overseas investment in significant business assets, being the Applicant's acquisition of 100% of the shares in Wynyard Precinct Holdings Limited, the consideration of which exceeds $100m. |
| Consideration | $635,000,000 |
| Applicant | Viaduct Holdings IV Limited Hong Kong (SAR) (up to 51%) Switzerland (up to 20%) Canada (up to 13%) United Kingdom (up to 8%) United States of America (up to 6%) Japan (up to 3%) Guatemala (up to 3%) |
| Vendors | Goodman Nominee (NZ) Limited Reco Aotearoa Private Limited |
| Background | The Applicant is a company specifically created to acquire the shares in Wynyard Precinct Holdings Limited. Wynyard Precinct Holdings Limited owns seven subsidiary companies that each own a commercial office building in Wynyard Quarter in the Auckland central business district. The acquisition of the shares in Wynyard Precinct Holdings Limited advances the Applicant’s investment objectives. The Applicant has satisfied the Overseas Investment Office that the individuals who will control the investment have the relevant business experience and acumen and are of good character. The Applicant has also demonstrated financial commitment to the investment. |
| More information | Mark Nicholson Chapman Tripp PO Box 2206 AUCKLAND 1140 |