| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision date | 26 January 2015 |
| Investment | An overseas investment in significant business assets, being the Applicant’s acquisition of property in New Zealand used in carrying on business in New Zealand for consideration exceeding $100m, that property being the Air New Zealand Building and Fonterra Building at Fanshawe Street, Auckland. |
| Asset value | $157,600,000 |
| Applicant | Reco Aotearoa Private Limited Singapore Government, Singapore (100.0%) |
| Vendor | McDonald (Kevin Patrick), Rathbun (Gregory Noel) as trustees of the Eamon Trust and Fraser (Andrew McKenzie), Fraser (Allan McKenzie) and Rathbun (Gregory Noel) as trustees of the Balfour Trust New Zealand (100%) |
| Background | The Applicant will acquire an interest in Viaduct Corporate Centre Limited as part of a joint venture arrangement being entered into with Goodman Nominee (NZ) Limited (refer case 201420080). The joint venture is being formed to hold investments in commercial property. The overseas investment transaction has satisfied the criteria in section 18 of the Overseas Investment Act 2005. |
| More information | Andrew Petersen Bell Gully PO Box 4199 AUCKLAND 1140 |