Foreign investment in Aotearoa/New Zealand
2009
Overseas Investment Office – Decisions
Commentary and Index prepared by CAFCA
(Note: the OIO decisions quoted here can be viewed here.)
Contents
January 2009 decisions
The Japanese Clearly Still Have Money To Spend; Suntory Of Japan Buys Local Beverage Star From The French; ING Buys Property Instead Of Paying Out Investors; Russian Billionaire Buys Northland Farm; Israeli Billionaires Trade Interest In Walter Peak Station For $1; Dutch Share Shuffle In Rakaia; Fletcher Extends Lease At Kumeu; Indian Winemaker Increases Its Australasian Capacity; A Confidential Decision; Cement Transnational Gets More Cheap Land, This Time From You And I; Summary Statistics January 2009
February 2009 decisions
Australian Buys Cambridge Farm; UK Pension Fund Acquires More Central North Island Land; Aussie Buys Interest In Ashburton Dairy Farm; Another Aussie Buys Into The South Island; Swiss Cement Transnational Acquires Oamaru Land; Roger Award Finalist Buys Large Farm For Wind Farm Project; Contact Energy Buys Up More Land For Wind Farm; $1.3 Billion Aussie Share Shuffle Of NZ Retirement Assets; Another Enormous Aussie Share Shuffle Of NZ Retirement Homes Approved; The Aussies Want Our Rental Car Industry As Well; Another Aussie Share Shuffle, This Time Of A Significant Power Network; Hold The Press: QIC Can’t Make Its Mind Up And Wants More Of Powerco; Summary Statistics February 2009
March 2009 decisions
Transpacific Taken Over: Confidential Decision Released On Appeal; Aussies Tighten Grip On NZ Retirement Village Business; QPE Still Has More Money To Spend; Aussies Consolidate Their Ownership Of Our Health Food Industry As Well; Nuplex Risks Becoming An “Overseas Person”; Ripples From The AIG Debacle Hit Our Shores; Global Financial Crisis Survivor Grabs Credit Rating Agency; Origin Gets Approval Buy More Of Contact Energy; Ownership Of Satellite Communications Facility Changes Hands; Capital Raising Needed For Former Carter Holt Harvey Forests; Weiti Forest Park Beachfront Soon To Be Gated?; Wiroa Station Sold; Irish Keen On Dairying Prospects In Southland; Fosters Keen On NZ Vineyards; Other March Decisions, Summary Statistics March 2009
April 2009 decisions
Australians Consolidate Holding In NZ Retirement Villages; UK Financial Meltdown Hits Our Shores; Aussies Complete Takeover Of Hirequip Thanks To Management Sell-Out; US Company Wants Our Pebbles For Swimming Pool Coatings; The Irish Are At It Again; Mount Aspiring Hotel Sold To US Timeshare; Phar Lap Isn’t The Only Kiwi Horse The Aussies Want To Claim; A New Otago Gold Rush?; Other April Decisions; Summary Statistics April 2009
May 2009 decisions
US Company Grabs More Rubicon; UK Transnational Grabs Chunk Of Waihopai Forest; More US Interest In Our Wineries; Another Mega Bunnings Warehouse Planned; US Company Eyeing Up Our Red Beech; Other May Decisions; Summary Statistics May 2009
June 2009 decisions
UK Interests Restart Point Ridge Gated Community; Fletcher Concrete Acquires Buffer For Hunua Quarry; Another Vineyard Gets New US Owners; Other June Decisions; Summary Statistics June 2009
July 2009 decisions
The Japanese Like Steinlager; Aussies Forget To Get OIO Approval Re NZ Rental Group; International Commodity Trader Buys ABB Grain; Aussies Sell Out Of NZ Travel Agencies; But That’s Not Quite The End Of This Story; ANZ Acquires More “Bleeding Mortgages”; US Taxpayer Bailout Rolls On, This Time Citigroup; A “New” Owner For Holden?; Contact Energy’s Geothermal Station Forces Marae To Be Relocated; Westpac Buys CEO’s Multi-Million Dollar “Bunker”; Chemical Giant Gains Foothold in New Zealand; Other July Decisions; Summary Statistics July 2009
August 2009 decisions
Aussie Retirement Share Shuffle Forgets OIO Approval Is Required; Another Aussie Retirement Operator Plans Further Growth Here; And US “Grave Dancer” Buys Into Our Retirement Industry; Global Financial Meltdown Hits the Dutch; Singaporeans Consolidate Ownership Of Some Of Our Hotels; I Can “Hear” The Aussie Cash Registers Ringing Again; The ANZ/ING Saga Continues…; US Property Developers Take Control Of Tui Farm Park; Significant Queenstown Property Now Has Singaporean Owners; Other August Decisions; Summary Statistics August 2009
September 2009 decisions
Overseas-owned Joint Venture Splits 27,000 Hectare Forest between Them; New Asian Owners For NZ King Salmon?; Contact Buys Farm To Ensure Transmission Easement; Swiss Buy 2,500 Plus Hectares; Taylors Is Now Spotless; Westbury Stud Now Part Of The Harvey Norman Stable; Paratiho Farms Now Owned By Ex British Banker; More Forestry Deals; Other September Decisions; Summary Statistics September 2009
October 2009 decisions
ANZ Can’t Get Enough of ING; Citigroup Quick To Spend Uncle Sam’s Money; More New Zealand Vineyards Sold To The US; Auckland’s’ ASB Tennis Centre Needs UK Money For Upgrade; Other October Decisions; Summary Statistics October 2009
November 2009 decisions
ANZ And ING, Yet Again; Aussies Again Forget To Get OIO Approval. This Time It’s Vitaco; Kiwis Can’t Seem To Hang On To Their Phone Networks; Powerco Has Another New Shareholder; German Share Shuffle Of LeasePlan; Synlait Wants To Milk More Of The Canterbury Plains; Chinese Take Cornerstone Shareholding In PGG Wrightson; Another Aussie-Owned Supermarket For Palmerston North; Other November Decisions; Summary Statistics November 2009
December 2009 decisions
“Vampire Squid” Consolidates Its Retirement Holdings; Aussie Retirement Operator Plans Southern Retirement Village; UK Taxpayer Bailout Of Royal Bank Of Scotland Rumbles On; But the “British” Still Have Enough Spare Change To Buy Glencoe Station?; And Canadians Nab A Piece Of Middle Earth; While Mt Gerald Station Goes To Belgium; MediaWorks (TV3 and RadioWorks) To Get A New Owner; Harvey Norman Owner Buys Another Horse Stud; Three Related Confidential December Decisions; Other December Decisions; Summary Statistics December 2009
Numbers of deleted or released decisions before appeal
| Jan 2009 | Feb 2009 | Mar 2009 | Apr 2009 | May 2009 | Jun 2009 | Jul 2009 | Aug 2009 | Sep 2009 | Oct 2009 | Nov 2009 | Dec 2009 | Total 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Deletions | 3 | 1 | 3 | 3 | 3 | 1 | 2 | 4 | 4 | 2 | 0 | 5 | 31 |
| Applications Refused | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Decisions released | 10 | 12 | 20 | 13 | 7 | 6 | 16 | 20 | 18 | 9 | 12 | 10 | 153 |
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