| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 20 November 2012 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 0.9035 hectares of land at 666-672 and 678 High Street, Lower Hutt. |
| Consideration | $30,000,000 |
| Applicant | Boulcott Hospital Limited Evolution Healthcare Partners Pty Limited, Australia (100.0%) |
| Vendor | Boulcott Clinic Limited New Zealand (100%) |
| Background | Boulcott Hospital Limited proposes to acquire the land and the business connected to Boulcott Hospital. It intends to continue to operate Boulcott Hospital in its existing form as a health care service provider. The opportunities for capital development and expansion at the Hospital make it a particularly attractive investment for Boulcott Hospital Limited. 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 Overseas Investment Regulations 2005 |
| More information | Barry Brown Josh Blackmore |