| Decision | Consent granted Section 13(1)(c) Overseas Investment Act 2005 |
|---|---|
| Decision date | 14 December 2011 |
| Investment | An overseas investment in significant business assets, being the Applicant’s acquisition of the New Zealand property loan book owned by BOS International (Australia) Limited, which forms part of Lloyds International Pty Limited’s Australasian loan portfolio, being property used in carrying on business in New Zealand for consideration of a value in excess of $100 million. |
| Consideration | CONFIDENTIAL |
| Applicant | NZ Property Finance Partners - comprised of the Goldman Sachs Group, Inc affiliates (50.0%) and Brookfield Asset Management Inc affiliates (50.0%) United States Public (59.75%) Canadian Public (30.75%) Kuwaiti Public (8.0%) Various (1.5%) |
| Vendor | BOS International (Australia) Limited Lloyds Banking Group Plc, United Kingdom (100.0%) |
| Background | The New Zealand property loan book includes 22 loans secured against significant commercial property titles in New Zealand. The loan book will be combined with the respective property loan investment businesses of the Brookfield and Goldman Sachs investment groups. The overseas investment transaction has satisfied the criteria in section 18 of the Overseas Investment Act 2005. |
| More information | Grant Dunn Buddle Findlay PO Box 1433 AUCKLAND |