| Decision | Consent granted Section 13(1)(c) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 18 May 2022 |
| Pathway(s) | Significant business assets only National Interest assessment |
| Investment | Acquisition of the property located at 46-56 Albert Street, Auckland. |
| Asset Value | Withheld under s9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | CC Helios Trust Pte. Ltd. Singapore (34.45%) United States of America (31.50%) Canada (12.83%) Switzerland (9.04%) Various (12.18%) |
| Vendor | Mansons (Mills Lane) Limited New Zealand (100%) |
| Background |
The Applicant is a special purpose vehicle established to acquire and hold the Investment. The Applicant is managed under PAG’s Real Estate Strategy and ultimately owned by passive institutional investors. The Applicant seeks consent to acquire a freehold interest in the property located at 46-56 Albert Street, Auckland (Property). The Property is owned by New Zealand company, Mansons (Mills Lane) Limited (the Vendor). The Vendor is currently constructing a commercial building on the Property. The Applicant intends to acquire the Property once the building has been completed. The OIO is satisfied that the investor test has been met. |
| More information | Andrew Petersen Bell Gully (Auckland) Level 21 Vero Centre 48 Shortland Street Auckland 1010 |