| Decision | Consent granted Section 13(1)(c) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 31 August 2020 |
| Pathway(s) | Significant business assets |
| 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 a freehold interest in 0.4838 hectares at 133 Molesworth Street, Wellington and an adjoining accessway. |
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act |
| Applicant | WhangaHaumaru Limited Partnership Limited Partners: Switzerland (100%) General Partner: Bermuda (100%) |
| Vendor | Molesworth CT Pty Limited Australia (94.77%) Various (4.3%) New Zealand (0.93%) |
| Background | WhangaHaumaru is a limited partnership registered in New Zealand whose sole business is to manage the investment. 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 | Toni Forrest |