| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 14 May 2015 |
| Investment | An overseas investment in significant business assets, being the Applicant's acquisition of rights or interests in 100% of the units of NorthWest International Healthcare Properties Real Estate Investment Trust, the value of the New Zealand assets of NorthWest International Healthcare Properties Real Estate Investment Trust and its 25% or more subsidiaries being greater than $100m. |
| Asset value | $140,000,000 |
| Applicant | NorthWest Healthcare Properties Real Estate Investment Trust Canadian Public (81.425%) Paul Louis Dalla Lana, Canada (16.575%) Various overseas persons (2.0%) |
| Vendor | Existing unitholders of NorthWest International Healthcare Properties Real Estate Investment Trust Paul Louis Dalla Lana, Canada (65.0%) Canadian Public (35.0%) |
| Background | The Applicant is the largest non-government owner of medical office buildings and healthcare focused real estate in Canada. The Applicant will combine with the NorthWest International Healthcare Properties Real Estate Investment Trust to form a single healthcare real estate investment trust. The overseas investment transaction has satisfied the criteria in section 18 of the Overseas Investment Act 2005. |
| More information | Toby Sharpe Bell Gully PO Box 4199 AUCKLAND 1140 |