| Decision number | 200620058 |
|---|---|
| Application number | 200620039 |
| Date | 12 October 2006 |
| Offeror/applicant | NBL Holding Limited |
| Ultimate applicant beneficial ownership | 100 percent - Netherlands, Zijerveld (Adrianus Mattheus Maria, Matthias Abraham Antonius & Gerardus Johannes Maria) |
| Beneficial overseas ownership | |
| - Asset current | 0 percent |
| - Asset proposed | 100 percent |
| - Share current | N/A |
| - Share proposed | N/A |
| Offeree(s)/seller(s) | Simson (Dianne Helen) and Stening (Richard Barrie) as trustees of the Dorling Trust and Palmer (Simon Middleton) and Simson (Dianne Helen) as trustees of the Franklin Trust of New Zealand |
| Business activities | Property & Business Services - Property |
| Details of land involved | 4.3841 hectares of freehold situated at 85-89 and 91 Adams Drive, Pukekohe, Auckland being CTs 133082 and 133084 (North Auckland Registry). |
| Regions involved | South Auckland |
| Total consideration | $7,162,500 |
| Consent sought | To acquire an interest in land which, either alone or together with any associated land, exceeds 0.4 hectares and adjoins land that is listed, or in a class listed, as a reserve, a public park, or other sensitive area by the regulator under section 37. |
| Rationale | The application has been approved as it met the criteria. The Overseas Investment Office is satisfied that the individuals with control of the Applicant collectively have business experience and acumen relevant to the overseas investment, and that the Applicant has demonstrated financial commitment towards the overseas investment. The Overseas Investment Office is further satisfied that each individual that exercises control over the Applicant is of good character and is not an individual of the kind referred to in section 7(1) of the Immigration Act 1987. The Applicant is a subsidiary of Mijwo Beheer B.V. a family-owned company headquartered in the Netherlands with operations in the cheese (processing and trade), food ingredients and poultry (processing and trade and fresh and frozen) industries in Europe. Mijwo Beheer B.V. proposes to commence business in New Zealand by the acquisition, via a whollyowned subsidiary, of the business of Natures Food Ingredients Limited and Cuisine Resources NZ Limited. The Applicant proposes to acquire the land to provide sufficient land to construct new factory premises to accommodate these businesses and to provide scope for the future growth of the businesses. The proposal is likely to result in the following benefits:
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| Contact | Guy Mortlock Mortlocks Lawyers PO Box 13 480 CHRISTCHURCH |