| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 27 September 2012 |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a leasehold interest in 0.7350 hectares of land at Harbour City Tower, Brandon St, Wellington. |
| Consideration | $45,092,895 |
| Applicant | Contact Energy Limited New Zealand Public (38.0426%) Australian Public (21.5759%) Various overseas persons (21.1642%) North American Public (8.5105%) Asian Public (4.7448%) United Kingdom Public (3.4433%) European Public (2.4711%) Middle Eastern Public (0.0477%) |
| Vendor | Kirkcaldie & Stains Properties Limited New Zealand Public (99.5%) Various overseas persons (0.5%) |
| Background | The Applicant is leasing premises in the Harbour City Tower to use as its national office. 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 | Susie Kilty Buddle Findlay (Wellington) PO Box 2694 WELLINGTON 6140 |