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Overseas Investment Office – Decisions 2011

Foreign investment in Aotearoa/New Zealand

2011

Overseas Investment Office – Decisions

Commentary and Index prepared by CAFCA

(Note: the OIO decisions quoted here can be viewed here.)

Contents

January 2011 decisions

Americans Buy A Number Of Kiwi Hotels; New Hong Kong Owners For Four New Zealand Vineyards; And An American Takes Control Of Gibbston Valley Wines; Contact Energy Expands Geothermal Footprint; Michael Hill Now Plans To Increase His Investment; Other January Decisions

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February 2011 decisions

Chinese Restructure Their Ownership Of Mangakahia Forest; Hart’s Carter Holt Offloads 18 Forestry Blocks; AMP Takes Control of AXA; Fletcher Building Takes Over Crane; Singaporeans Now Counting Tegel’s Chickens; Swiss Buyer For Two Opotiki Forestry Blocks; Aussie Sells Down His Porters Ski Field Holding To The Russians; Previous Roger Award Finalist Buys Renwick Forest; BNZ To Invest In Christchurch CBD Red Zone?; Aussies Sell Kelly Tarlton; Roger Douglas And His Unpleasant Friends; Other February Decisions

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March 2011 decisions

SkyCity Consolidates Control Of South Island Casinos; Bathurst Increases South Island Coal Interests; Aussie Share Shuffle Of NZ Guardian Trust; Aussies Take Control Of Rydges Hotel Rotorua; Lake Taupo Protection Trust Sells Land To US Forester; Another Two Southland Farms Bought By The Germans; Aussie Wine Investor Gets Retrospective OIO Approval; Previous Roger Award Finalist Scores More Cheap Forestry Land; Russian Investor Takes Control Of Mt Potts Station; And Another Russian Buys Shipyard To Get His Beached Super Yachts; Other March Decisions; Forests, Wine, & Land; One Refusal

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April 2011 decisions

Agria Now Controls PGG Wrightson; Getting Control Of Seeds Business; Oceana Gold To Transform Its Macraes Mine Into A Superpit?; Suppressed OIO Material Released To CAFCA; Contact Energy Buys 764 Hectares From Us For Geothermal Power; Germans Buy Yet Another Dairy Farm; US-Owned Simplot Mops Up Mr Chips; Other April Decisions

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May 2011 decisions

Germans Continue To Buy Up Large In Southland; Contact Energy Buys More Land For Geothermal Reinjection; Other May Decisions

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June 2011 decisions

Helicopters NZ Flies Off To Canada; Previous Roger Award Finalist Buys Another 13,000 Hectares; Soho Gets Coronet Peak Station; Italian “Suits” Take Full Control Of Rugged Ridges & Otamatapaio Stations; Other June Decisions

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July 2011 decisions

Kim Dotcom’s NZ Troubles Just Begin; The Japanese Have A Taste For Charlie’s; Private Equity Group Takes Control Of Veda; Retrospective Consent Given To Merck; Aussies Take Control Of GE Mortgages; Walter Peak Station Ownership Restructured; Germans Buy More Southland Dairy Farms; Blackfish Optimistic About Porter Heights Ski Field Development; Other July Decisions

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August 2011 decisions

Germans Snap Up Yet Another Southland Farm; Kahutara Downs and Rakanui Station Change Hands Again; Ngai Tahu Sells Over 18,000 Hectares To The Swiss; And Strathblane Station Also Snapped Up By The Swiss; Other August Decisions

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September 2011 decisions

Asahi Buys Independent Liquor; US Interest In Mind Your Own Business (MYOB); More Canterbury Forests Sold; Aussie Owned Rest Home To Be Built In Nelson; Confidential Changes At Prime South Island Resorts; Privately Owned Wharves Change Hands; Other September Decisions

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October 2011 decisions

Blackstone Gobbles Up Burger King; Babcock Takes Full Control Of Lease At Devonport Naval Base; Yet Another Southland Farm Bought By The Germans; Other October Decisions

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November 2011 decisions

Fairfax Takes Literal Approach To Trade Me Investment; Goodman Takes Control Of Viaduct Harbour Properties; Retrospective Consent Given To Antipodean Port Operator; And Part Of Timaru’s Wharf Goes To The Swiss; Swiss Buys 8,500 Hectares On East Cape; Waiheke Island Airfield Now English-Owned; Powerco Gets Retrospective Consent For Two North Island Properties; Repco Now American-Owned; Lendlease Restructures Its Dress Smart Malls; Another Countdown For Tauranga; Skeggs Sells Waiau Salmon Fishery To Malaysian-Owned NZ King Salmon; Other November Decisions

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December 2011 decisions

US Company Plans Ambitious Geothermal Power Development; James Cameron Buys Two South Wairarapa Farms; Vampire Squid Buys Lloyds NZ Loan Portfolio; Private Equity Takes 50% Stake In Purex, Etc.; Chinese-Controlled Synlait Buys Factory Land; Indonesians Take 50% Stake In Southlands Blue River Dairy Systems; Other December Decisions

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Numbers of deleted or released decisions before appeal

Jan 2011 Feb 2011 Mar 2011 Apr 2011 May 2011 Jun 2011 Jul 2011 Aug 2011 Sep 2011 Oct 2011 Nov 2011 Dec 2011 Total 2011
Deletions 2 3 4 2 0 2 7 0 3 2 4 5 34
Applications Refused 0 1 1 0 0 0 3 0 0 0 0 0 5
Decisions released 6 17 24 12 3 11 15 7 10 7 25 14 151

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