|
January to December 2002
Overseas Investment Commission
Decisions
Commentary and Index prepared by CAFCA
Contents
January 2002 decisions
Japanese restaurant chain serving Italian food to manufacture food in Auckland
Paloma of Japan buys Southcorp Water Heaters from Southcorp of Australia
Palmerston North equestrian centre purchased by U.K. pension fund
U.S. buyers of 4,000 ha. station at Conway Hills, North Canterbury for forestry
Other land for forestry
Land for wine
U.K. wine merchants and property developers buy Akaroa holiday home
Venezuelan buys further land near Whakatane in joint venture
February 2002 decisions
Rausing family buys another farm
Colonial First State of Australia buys properties from Kiwi Income
Universal Homes of Singapore and China buys more land at Huapai, Auckland
Maclab of Australia acquires Coromandel land for mussel processing
Land for forestry
Land for wine
Taiwan marketer of goat milk products buys share of suppliers
Raetahi Lodge, Double Bay, Kenepuru Sound, Marlborough sold to Hong Kong
Third property for U.S. buyer: 4,539 ha. Brooksdale Station, Canterbury
Homestay at Dalefield, Queenstown
Other rural land sales
March 2002 decisions
Turners and Growers acquires Status Produce Limited
Canterbury Waste Services buys road to Kate Valley landfill
Weatherford of the U.S.A. buys Austoil Engineering Services
Billionaire Robertson buys Hawkes Bay property for golf course and lodge
Shell Forestry sells assets, including 50% share in Northland forest, to UBS
Lakeside Lodge, Lake Hayes, being acquired by U.K. interests
Other land for forestry
Hotel du Vin hotel and vineyard interests acquired by U.S. investor
Other land for wine
Other rural land sales
April 2002 decisions
GE Capital Finance buys business of AGC
Talavera Property, Australia, buys four buildings from Trans Tasman
Steel and Tube buys Pipeline Supplies from OneSteel
Rayonier sells 3,491 hectare Waipaoa Forest to Huaguang Forests of China
51% of Thermal Ceramics sold to Shinagawa Refractories of Japan
Macquarie Goodman buys further property at “The Gate”, Penrose
Taranaki land purchased for Pohokura Gas Field development
Land for forestry
Land for wine
Other rural land sales
May 2002 decisions
Foodland of Australia buys Woolworths New Zealand from Jardine-Matheson
Carter Holt Harvey sells BJ Ball to Datenga of Australia …
… and Macquarie Goodman buys “The Gate” and BJ Ball’s Penrose office
Clarity Partners of the US takes a third share of Walker Wireless
Preussag Energie approved to increase its interest in Pohokura Gas Field
Hagaman puts Dunedin Casino shares into trust
Majority Australian interest in Marstel Terminals approved
CDL Land buys Browns Bay, Auckland, land for subdivision
Neil Construction of Malaysia buys Henderson land for subdivision
Dairy farm bought for new Favona Prospect at Martha Mine, Waihi
Juken Nissho buys lifestyle property for its shareholders and clients
Land for forestry
Land for wine
Other rural land sales
June 2002 decisions
Fonterra consolidates its Australasian “home market” business
Nikken Foods buys more land for Oamaru international college of health science
Mapua Leisure Park to U.S. ownership
Martha Mine owners buy 13 Waihi properties because of mine shaft collapses
Juken Nissho buys land to expand its Kaitaia mill
Universal Homes of Singapore buys Whangaparaoa land for subdivision
Land for forestry Beringer Blass buys Ponder Wine Estates
Other land for wine
Federated Farmers President sells land to U.S. buyers for deer farming
Other rural land sales
July 2002 decisions
One application refused
Fletcher Challenge Forests approved to acquire Central North Island Forests
Trans Tasman land near Airport Oaks for commercial/industrial development
AMP splits ownership of Auckland shopping malls between subsidiaries
Luxemburg and German owners buy Mobil on the Park, Wellington …..
..… and replace Swiss owner of Pohuenui Island
Singapore company buys Okawa Bay Lake Resort, Rotorua
Works Infrastructure buys Pauanui Lakes Resort and Country Club
Australian company buys land for subdivision at Gulf Harbour, Whangaparaoa
Neil Construction buys land for subdivision at Snell’s Beach, Auckland
Fletcher Residential buys land at St Johns, Auckland, for subdivision
Digiplus of Australia sold to New Tel of Australia
Juken Nissho buys 2,000 hectares of forest from Nuhaka
Soper-Wheeler families buy more Canterbury land – from David Carter MP
Land for forestry
Land for wine
More land for Favona Prospect at Martha Mine at Waihi
Other rural land sales
August 2002 decisions
Summary statistics
One application refused
Noboa of Ecuador may take 30% of Turners and Growers – has 25.8%
Danone buys Frucor
Young Nick’s Head Station sale approved to US buyer
Coca Cola buys Rio Beverages
EDS buys back Telecom’s shareholding in EDS New Zealand
St Lukes and Auckland One form joint venture for Broadway development
Vladi, Thiel and Fellmann buy BNZ property in Wellington
Kaneb of the U.S.A. buys Bulk Storage Terminals from Burns Philp
Fletcher Residential buys land at Wattle Cove, Manukau, for subdivision
Nikken Foods buys further land near Oamaru for its health science college
Further land bought for Kinloch Golf Course, Rotorua
Land for forestry
Land for wine
Other rural land sales
September 2002 decisions
Summary statistics
One application refused – again
Lion Nathan buys Wither Hills winery
Australian Pharmaceutical Industries buys Zuellig’s health business in Aotearoa
McCain Foods buys land for access to its Feilding processing plant
More Palmerston North land for Uruguayan golf course and farm
Universal Homes of Singapore buys land in Mangere for subdivision
New Zealand Forestry Group sells six more blocks of Ngaruawahia land
Land for forestry
Land for wine
Other rural land sales
October 2002 decisions
Summary statistics
One refusal: Japanese business writer wanted property for up-market Japanese
IAG buys New Zealand Insurance
Westpac buys BT Financial Group
National Australia Bank buys Hertz Fleetlease from Ford
OMV of Austria takes 10% of Maui
Germinal Holdings of U.K. takes 20% of Peter Cates, seed merchant
Macquarie Goodman Funds Management buys Central Park, Auckland
Universal Homes buys land at Te Atatu for subdivision
Land for forestry
Land for wine
Canadians buy further 880 hectares of Canterbury land
Coleridge Downs owner buys 50% share in Annavale Farm, Canterbury
US visitors buy land near Masterton for hunting lodge
Other rural land sales
November 2002 decisions
One refusal
75% of ICPbio bought by Australian venture capital fund
Korean investors buy 106-108 Albert St, Auckland from Indonesian company
Gardiner Group buys remaining Emerald Capital shares
Ernslaw One buys Coromandel dairy farm for sawmill
US investors buy 1,340 hectare Whiterock Station, South Canterbury
US investor to support restoration of Big Lagoon wetlands in Southland
Land for wine
U.K. buyers of Wellsford farm lose residence status six years later
Other rural land sales
Summary statistics
December 2002 decisions
JB Were buys Viking Pacific subsidiaries
Macquarie buys Foodland’s Takapuna Foodtown supermarket to lease back
Quack-a-Duck: Australian buys remaining shareholding
CDL Land buys Albany motorway land for subdivision
Fletcher Residential buys Greenhithe, North Shore land for subdivision
Two more Waihi properties bought for buffer around mines
Land for wine
Rausing family (Ingleby company) buys another 1,950 hectares in Gisborne
Other rural land sales
Summary statistics
|
