| Decision | Consent granted Section 13(1)(c) 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. |
| Consideration | $157,200,000 |
| Applicant | Viaduct Corporate Centre Limited Singapore Government, Singapore (49.0%) New Zealand Public (36.9495%) Australian Public (11.6484%) North American Public (1.8819%) Asian Public (0.3111%) United Kingdom Public (0.1734%) European Public (0.0357%) |
| Vendor | Goodman Nominee (NZ) Limited New Zealand Public (72.45%) Australian Public (22.84%) North American Public (3.69%) Asian Public (0.61%) United Kingdom Public (0.34%) European Public (0.07%) |
| Background | The Applicant is acquiring the Air New Zealand Building and Fonterra Building in Auckland to add to its commercial property portfolio. The overseas investment transaction has satisfied the criteria in section 18 of the Overseas Investment Act 2005. |
| More information | Ed Crook Russell McVeagh PO Box 8 AUCKLAND |