| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 30 March 2020 |
| Pathway(s) | Significant business assets |
| Investment | An overseas investment in significant business assets, being the Applicant's acquisition of a 60% limited partnership interest in Invesco Asia Real Estate Fund III, L.P., which indirectly owns Chorus House, at 66 Wyndham Street, Auckland. |
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act |
| Applicant | Partners Group Chorus Access, L.P. United States Public (34.38%) United Kingdom Public (25%) Singapore Public (15.05%) Denmark Public (6.1%) Switzerland Public (5.1%) Various (14.37%) |
| Vendor | Invesco Investments (Bermuda) Limited and IRE AFIII, Ltd. United States Public (79%) Various (21%) |
| Background | The Applicant is a Scottish limited partnership and is an investment fund managed and advised by Partners Group. The Applicant is acquiring a 60% limited partnership interest in Invesco Real Estate Fund III, L.P., which indirectly owns Chorus House, a commercial property at 66 Wyndham Street, Auckland. This is an upstream acquisition and there will be no change in the day-to-day management of Chorus House. The Applicant has satisfied the OIO that the individuals who will control the investment have the relevant business experience and acumen and are of good character. The Applicant has also demonstrated financial commitment to the investment. |
| More information | Ben Paterson Russell McVeagh PO Box 8 AUCKLAND 1140 |