| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 26 January 2015 |
| Investment | An overseas investment in significant business assets, being the Applicant's acquisition of rights or interests in a further 1% and up to 100% of the issued share capital of Viaduct Corporate Centre Limited, the value of the assets of Viaduct Corporate Centre Limited and its 25% or more subsidiaries being greater than $100m. |
| Asset value | $157,600,000 |
| Applicant | Goodman Nominee (NZ) Limited New Zealand Public (78.7%) Australian Public (19.3%) Various overseas persons (2.0%) |
| Vendor | McDonald (Kevin Patrick), Rathbun (Gregory Noel) as trustees of the Eamon Trust and Fraser (Andrew McKenzie), Fraser (Allan McKenzie) and Rathbun (Gregory Noel) as trustees of the Balfour Trust New Zealand (100%) |
| Background | The Applicant will increase its shareholding in Viaduct Corporate Centre Limited as part of a joint venture arrangement being entered into with Reco Aotearoa Private Limited (refer case 201420078). The joint venture is being formed to hold investments in commercial property. The overseas investment transaction has satisfied the criteria in section 18 of the Overseas Investment Act 2005. |
| More information | Ed Crook Russell McVeagh PO Box 8 AUCKLAND |