January to December 2002

Overseas Investment Commission
Decisions

Commentary and Index prepared by CAFCA 

Contents

January 2002 decisions

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

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