Applicant
Helios Investment Australia Pty Limited
Case number(s)
201420005
Decision date
Type
Decision
DecisionConsent granted
Section 12(b) Overseas Investment Act 2005
Decision date22 October 2014
Investment

An overseas investment in sensitive land, being the Applicant's acquisition of rights or interests in 100.0% of the issued share capital of ANZ Terminals Pty Limited which owns or controls:

  • a leasehold interest in approximately 0.6261 hectares of land at 8-34 Brigham Street, Auckland; and
  • a freehold interest in approximately 0.9682 hectares of land at 212-220 Gracefield Road, Hutt City, Wellington.
Asset Value$44,133,000
ApplicantHelios Investment Australia Pty Limited
Palisade Investment Partners Limited, Australia (32.0%)
Colonial First State Global Asset Management, Australia (23.0%)
Northleaf Capital Partners, Canada (23.0%)
Fengate Capital Management, Canada (10.0%)
Macquarie Capital Group Limited, Australia (10.0%)
ANZ Terminals Pty Limited management, Various (2.0%)
VendorExisting Shareholders of ANZ Terminals Pty Limited
United Kingdom (62.125%)
United States of America (29.875%)
Various (8.0%)
Background

The Applicant will enable ANZ Terminals to continue to develop its core businesses.

The overseas investment transaction has satisfied the criteria in section 16 of the Overseas Investment Act 2005. The 'benefit to New Zealand' criterion was satisfied by particular reference to the following factors:

Overseas Investment Act 2005
17(2)(a)(iv) – Added productivity
Overseas Investment Regulations 2005
28(c) – Affect image, trade or international relations
28(e) – Previous investments

More informationChris Goddard
Bell Gully 
PO Box 4199
AUCKLAND 1140