Foreign investment in Aotearoa/New Zealand
2018
Overseas Investment Office – Decisions
Commentary and Index prepared by CAFCA.
All spelling of geographic and company names is as supplied by the Overseas Investment Office (OIO) unless otherwise it is clear from the context that the source is from elsewhere. Errors are those of the OIO. Information quoted, unless otherwise noted, comes from the Decision Sheets of the Office. Copies of the Decision Sheets can be seen on the Land Information New Zealand website.
Contents
January 2018 decisions
Chinese Shuffle Shares Of Orewa Development; New Yorker Buys Waipara Vineyard
February 2018 decisions
Horizon Buys Bigger Share Of Todd’s Offshore Wells; Australians Transfer NZ Vehicle Loans And Leases To Securitisation Trust;
March 2018 decisions
Lee Bell Buys Icebreaker For $288 Million; NZ Window Shades Buys Land From Amway; UK Group Buys Simx Ventilation Products; Swiss Animal Tag Firm Buys Simcro Animal Injectors; US Hospitality Group Buys Pinewood Backpackers, Queenstown; Chinese Buy Up Aus/NZ Bodycare Products’ Supplier; Adamantem Issues New Shares To Buy Rest Of Vintage Aged Care; NZ Lifestyles
Intending Chinese Resident Will Build Houses; Colebatch Buys More Land At Whakatutu, Gisborne;
April 2018 decisions
Two Mystery Consents Granted; Craigmore Kiwifruit Conversion Declined; Waste Management (China) To Consolidate Auckland Operations In Tamaki; Japanese Daiken Buys A Second NZ MDF Manufacturer; Metlifecare Buys Land In Hobsonville; Heritage Lifecare (Adamantem) Buys Ashburton Retirement Village; Swiss Buy HSBC Tower, Lambton Quay; Hong Kong Buys “Path Of Exile” Gaming Company
May 2018 decisions
Chinese to massively increase bottled water from Otakiri Springs; Chinese investors and New Forests private equity buy forest land; Airwork’s new owner Zhejiang Rifa restructures; Oyster and KKR equity funds buy Central Park Corporate Centre, Greenlane; Heritage Lifecare buys Cargill Rest Home from BUPA; Fletcher Placemakers renews Wiri lease; US pet food to contain more NZ scrap meat; US yoghurt millionaires buy organic farm in Motueka; UK couple to introduce genetically-developed goats; Canadian land ownership in Tolaga entrusted to new generation; Two consents with all information withheld;
June 2018 decisions
Hong Kong insurance group buys up ASB/Colonial Mutual Life from Commonwealth Bank; US flooring manufacturer buys Godfrey Hirst; New Forests equity fund buys Wenita and more forest land; Aussie-owned winemaker converts grazing to more grapes; Pengxin buildings change hands; Fletchers buys quarry road from Auckland Council; Rocket Lab buys land in Mahia and Chathams; Czech NZ resident buys Mt White Station, Canterbury;
July 2018 decisions
Soper Wheeler/NZ Redwood Co buys more land for forestry; Sumitomo Corp buys Whanganui Council land for forestry; US Dairy Farms leases more land in Ashburton; Haier restructures ownership of Fisher & Paykel; Luxembourg-based equity fund buys 125 Queen St; American to build luxury lodge on Waiheke; Action Manufacturing relocates caravan works to Te Rapa;
August 2018 decisions
Aussies take over Nelson Forests Ltd; Buy-up of failed Norske Skog includes Tasman paper mill, Kawerau; Port Blakely buys more forest land in Waimate; Cornerstone/Cimic subsidiaries lease Crown land to extend Waikeria Prison; Private equity in two-stage takeover of TSB’s Fisher Funds; Contact Energy sells gas storage facility for $190m and buys it for $300m?; Private equity buys into Seequent geo-science software; Woolworths gets consent to buy, flick off, then lease back its Countdown site at Te Atatu; Craigmore buys Whakatane orchard for G3 kiwifruit;
September 2018 decisions
New Forests (Australia) buys five Wairarapa forests; AV Jennings housing development in Orewa; Second takeover of Tegel, by Philippines; Consent declined for Tegel’s Kaipara development; Canadian/US private equity buys Mansons’ Fanshawe Street development; Waste Management dump for Dome Valley, Wellsford; Canadian takeover of Tru-Test; Chinese to lease Māori land for Kawerau particle board factory; More T&G apples at Havelock North; Cigna (US) buys ANZ’s OnePath Life; More land for Danone milk powder plant; Invesco Asia Fund buys half ANZ Centre, Auckland CBD; Consent No. 201810132 fully withheld;
October 2018 decisions
Private equity funds fight over Matariki Forests; Orion Health hives off software to global private equity funds; APN Outdoor advertisers part of French/Aussie takeover; Pan Pac buys more Hawkes Bay forestry land; Banks sell their card transaction company; NZ lifestyles: Xiao Li, Qiming Sheng (Sunshine Glory);
November 2018 decisions
First Gas Group buys Rockgas LPG from Contact Energy; Aspen Pharmacare (SA) buys NZ New Milk formula to sell to France for China; Pooling Latitude/Gem debt derivatives for offshore ownership; US IDEAL buys Enatel electronics and battery chargers; Japanese Kenwood buys Tait radio tech; NZ lifestyles: Tech investment exec buys more vineyard land in NZ;
December 2018 decisions
OMV sucks up Shell’s share of Maui and Pohokura gas; Craigmore buys Gisborne land for apples; Blackstone billions buy Viaduct Quarter; Keppel Capital fund buys Ixom chemicals from Blackstone; Hong Leong Group buys equity fund that owns Manuka Health; CDL Land residential development in Hamilton; Adamantem Capital buys up Hellers meats; Japanese family buys Wairarapa organic wines; US family buys Central Otago wines; James Hardie buys Kaipara sand source; Consent for hobby farm declined; Consent 201810166 granted; all details withheld;
Numbers of approved, declined and price deleted Decisions
| Jan 2018 | Feb 2018 | Mar 2018 | Apr 2018 | May 2018 | Jun 2018 | Jul 2018 | Aug 2018 | Sep 2018 | Oct 2018 | Nov 2018 | Dec 2018 | Total 2018 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Deletions | 1 | 0 | 0 | 7 | 6 | 2 | 2 | 3 | 8 | 1 | 1 | 6 | 37 |
| Approvals | 2 | 2 | 9 | 8 | 13 | 7 | 8 | 9 | 12 | 7 | 6 | 11 | 94 |
| Declined | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 3 |
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