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January to December 2003
Overseas Investment Commission
Decisions
Commentary and Index prepared by CAFCA
Contents
January 2003 decisions
Land for forestry
Land for wine
Other rural land sales
Summary Statistics
Contact Energy buys Taranaki Combined Cycle Power Station from NGC
Alesco of Australia buys Biolab from Salmond Smith Biolab of Malaysia
Jossco buys lease of land in Otahuhu
Nikken Foods buys two more blocks of land for its Oamaru developments
Fletcher Forests sells trees in Tahorakuri forest to UBS of the U.S.A.
Tiong subsidiary buys out partner in forestry nursery near Oamaru
“Cult winery” sold to U.S. billionaire
Other land for wine
US hunter with conviction buys 50% of Ben More Station near Porters Pass
Other rural land sales
Australian Radio Network completes takeover of New Zealand Radio Network
Telstra takes full control of TelstraClear
OMV buys Preussag’s energy assets including share in Pohokura gas field
Macquarie Goodman buys Auckland Business Park
ING buys Dress-Smart
Pacific International Insurance buys property at Avondale, Auckland
Land for forestry
Hong Kong company buys further 40% of Sacred Hill Wines
Land for wine
Nikken Foods buys two more blocks of land near Oamaru
Lodge for fly fishing at Owen Valley, Murchison
Otahuna homestead bought by U.K. couple
Other rural land sales
One refusal
AMP Bank sells mortgages, loans and deposits
Trustpower buys Cobb Hydro Station from NGC
DEC International buys shareholding in ICPBio
ING buys Meridian Centre in Dunedin
Ngai Tahu buys and sells Waimate Forest to Blakely of the US
Land for forestry
Land for wine
Nikken Foods buys further land near Oamaru
Other rural land sales
US buyout of Navman
CDL buys foreshore land for subdivision…
… and Tiong’s Neil Construction buys land for subdivision too…
… as does Universal Homes
Land for forestry
Land for wine
Other rural land sales
One refusal – lifestyle property
Fairfax buys INL’s newspapers
Rabobank buys rural lending portfolio of AMP Bank
Wesfarmers of Australia acquires Paykel
Change in ownership mix of Tech Pacific
Owner of Nick’s Head Station buys more land
CDL Land buys more land for subdivision
New town development near Queenstown on Ladies Mile Road
Land for forestry
Land for wine
Other rural land sales
Three refusals
Ashburton land bought for barley grass juice factory
More land for subdivision for Universal Homes…
… and Neil Construction
Swiss investor buys 38% of wine company, Fromm Ltd
Land for wine
Other rural land sales
August 2003 decisions
One application refused
Toll takes over Tranz Rail
SK Foods takes 100% of Cedenco after suppressed OIC decision
Tiong family’s Neil Construction buys Tauranga land for subdivision…
… and so does Singapore consortium including part owner of DB Breweries
Trans Tasman buys property to extend its Auckland Airpark Business Centre
U.K. investors buy Three Kings Shopping Centre and nine other properties
Land for forestry
Land for wine
Van Heeren exercises right of refusal to purchase land for Huka Lodge
Other rural land sales
September 2003 decisions
iiNet of Australia buys biggest independent Internet Service Provider, ihug
Multiplex buys ASB Centre in Auckland for $112,650,000
Pacific International Insurance expands its offices in Auckland
Key Security (Australia) buys Auckland block for retail/residential development
Waihi Gold buys four Waihi homes because of mine subsidence
CDL Land buys land in Hastings for residential subdivision …
… and Universal Homes buys does the same in Huapai, Auckland
Land for forestry
Land for wine
Other rural land sales
October 2003 decisions
Central North Island Forests sold to Harvard University fund
CR Delta of the Netherlands buys Ambreed dairy semen business
Waihi Gold buys 27 further Waihi homes because of mine subsidence
Tiong family’s Neil Construction buys Manukau land for subdivision
Omya/Mintech buys five blocks at Te Kuiti to create buffer around its quarry
Korean investor plans to establish another golf course near Christchurch
Other rural land sales
November 2003 decisions
One application refused
National Bank changes overseas owners
U.K. investors buy Three Kings Plaza in Auckland
Tiong family’s Neil Construction buys Albany, Auckland land for subdivision
Waihi Gold buys one more Waihi home because of mine subsidence
Mars Bars buys land in Taranaki/Wanganui – all else is secret
Land for forestry
Land for wine
Other rural land sales
December 2003 decisions
One application refused
ING Property Trust buys 71 commercial properties
Ronin of Australia takes 30% of AMP NZ Office Trust and 50% of its manager
Macquarie Goodman takes over manager of Colonial First State Property Trust
Origin Energy buys 50% of Kupe Joint Venture and petroleum mining licence
Holcim of Switzerland buys 41% of Atlas ready mixed concrete
Seven Network buys Digiplus
BG Hotels of Australia has approval to acquire the Parkroyal Queenstown hotel
US Company buys water bottling plant and spring at Whakatane
Telecom cellphone site on Waiheke Island
Juken Nissho buys remaining 50% of company for roading metal quarry
Land for forestry
Land for wine
Other rural land sales
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