January to December 2005

Overseas Investment Commission/Overseas Investment Office
Decisions

Commentary and Index prepared by CAFCA

Contents

January 2005 decisions

Carter Holt Harvey buys Tenon’s structural and wood processing business
Newmont buys home and church in Waihi for buffer around new Favona mine
Land for wine
Insufficient evidence on “good character” in Kaeo “spiritual retreat” approval
More land for Swiss family in Paihia, Bay of Islands

February 2005 decisions

Toll buys J D Lyons
CHH/Rubicon’s biotechnology/nursery operation buys Gisborne property
Whenuapai properties to AMP NZ Property Developments for shopping centre
Controversial purchase of camping ground and lifestyle properties in Northland
Murchison land exchange between US investor and Department of Conservation
Land for forestry
Land for wine
Nikken Foods buys more land near Oamaru
Other rural land sales

March 2005 decisions

Transfield to take over Areva T&D (New Zealand) from Areva of France
Multiplex buys $261m property portfolio from AmTrust
Macquarie shuffles property holdings
Bridgecorp Holdings buys Bristol Securities Ltd
Wyuna Station freeholds 2700 ha., and given retrospective approval for US loan
US led company buys Butterfly Bay, Whangaroa land for luxury resort
More Waihi land for Martha Mine
Decision on vineyard lifestyle development near Alexandra released a year later
Other rural land sales
Summary statistics

April 2005 decisions

Retrospective consent followed by further Queenstown land purchase
Retrospective consent, change in Napier forestry and lifestyle development
CDL buys Hamilton land for subdivision
Land for forestry
Land for wine
Other rural land sales
Summary statistics

May 2005 decisions

Serj Tankian refused approval to set up recording studio at Bethells Beach
Australians refused retrospective approval for Nelson lodge purchase
INL and Sky TV merge
ING Property Trust buys Urbus Properties
Macquarie Goodman buys three properties for Gate Industry Park, Penrose
The Quarto Group of the U.K. takes over Premier Books of Auckland
Endace Limited gets permission to sell its shares on London AIM exchange
Land for forestry
Land for wine
Other rural land sales
Summary statistics

June 2005 decisions

Guardian Healthcare Group takes over Care and Independence rest homes
United Group Rail of Australia buys Alsthom Transport New Zealand Ltd
Approval for Sky City to take 100% of the SkyCity Hamilton casino
GMO takes 38% of Wenita Forest Products
Progressive Enterprises buys North Shore land for supermarket development …
… buys back 10 leases including one in Dargaville…
… and promptly sells the Dargaville property to Multiplex…
… in order to lease it back
Fletcher Residential buys Seven Oaks, Auckland housing development
AMP buys land in Nelson for bulk retail development …
… and in Tauranga for a supermarket development
Centro buys remains of Barrington Mall, Christchurch…
… and sells the entire Barrington Mall on to a funds management subsidiary
Land for forestry
Vineyard lifestyle subdivision at McArthur Ridge, Alexandra
Land for wine
Summary statistics

July 2005 decisions

Macquarie buys Eldercare New Zealand Limited, retirement home chain…
… and Macquarie Goodman buys two commercial properties
Two retrospective approvals given in relation to controversial Otahuna Lodge
Linvest of Germany buys “certain securities” in Pacific Funding from Westpac
Sanwa Investment buys land at Airpark Business Centre from Trans Tasman
Strata buys land at Jacks Point, Queenstown
U.K./Hong Kong investors buy Glenora Estate and adjoining Waiheke I. land …
… and Waiheke Island lifestyle block goes to US couple
Three retrospective approvals among four Hawkes B, Coromandel properties
Ministerial intervention in Martinborough land purchase?
Nicks Head Station owner buys further 550 hectare property
Further land bought by mining company at Waihi due to township subsidence
Erdmans acquire remaining 5% of Coleridge Downs
Turkish purchase of Kerikeri land

August 2005 decisions

Korean refused permission to buy Canterbury property
Retrospective consent for Origin Energy to take control of Contact Energy
Westpac acquires right to buy back Pacific Funding from Linvest for $2 billion
TrustPower buys Mahinerangi land for hydro development
ING/ANZ joint venture buys NBNZ Life Insurance and NBNZ Investment Services
DCA Group buys Guardian Healthcare Group from PEP
Thai group buys Duxton Hotels in Rotorua, Wellington, and Auckland
Consortium buys 92,000 hectares forests from Carter Holt and Rayonier
South Korean company purchases Rayonier NZ MDF
AMP buys two Waikanae properties
Britomart group buys Britomart Precinct property from Auckland City Council
Land for forestry
Land for wine
Bay of Islands property expanded with Mataka Station development
U.K. couple buy Waihopai land for falcon protection
$16.9m for Tauranga land for boat stacker, apartment project and development
Other rural land sales

September 2005 decisions

Trans Tasman Properties buys out critic in Clearwater land deal
Aged care buyout continues – Macquarie buys 11 Salvation Army homes
Tower buys Centro NZ Shopping Centre for $193 million
Investment group buys Onesource Group (Konica Minolta agents)
Holcim buys right to quarry 87 hectares of land at Pakiri, Auckland
Fletcher Residential buys land at Wattle Cove, Auckland for subdivision
Cedenco buys assets from Sunrise Coast
Australian fund buys 25,000 ha. of forests and 11,000 ha. of forestry rights
Ngai Tahu sells over 22,000 hectares of forests to GMO of U.S.A.
Hancock group buys company, 6,000 ha. of Central North Island forestry rights
Other land for forestry
Nobilo buys three blocks of land in Awatere Valley, Marlborough
Other land for wine
Company wants to acquire Motuapo Island, Bay of Islands, for “eco-retreat”
Three approvals for van Heeren and Huka Lodge, including one retrospective
Other rural land sales

October 2005 decisions

Woolworths Australia buys Progressive Enterprises supermarket chain
Macquarie Bank buys more retirement facilities by acquiring Metlifecare
AMP company buys out other shareholders in Capital Properties
Australians acquire Auckland site for hotel, retail, residential development
Retrospective consent to Holcim (Milburn) for acquiring Avondale land
Residential development at Feilding by Chinese investor
Land for wine
Summary statistics

November 2005 decisions

Burns Philp restructures Goodman Fielder, buys NZ Dairy Foods, for IPO
Sara Lee of the U.S.A. gets retrospective approval to acquire Nutrimetics NZ
Tupperware to acquire Nutrimetics NZ from Sara Lee
Versacold of Canada buys P & O Cold Logistics New Zealand
Zuellig interests buy back Pharmacy Retailing wholesale and logistics operation
Subscriptions for 39.03% of Ager Sectus, to buy The Crossings wine company
Neil Construction buys more land for subdivision in Henderson, Auckland
Norske Skog buys land to protect access to wastewater pipe
Hong Kong led consortium buys Highview Stud
Other land for wine
Other rural land sales

December 2005 decisions

Yet more retirement villages bought by Macquarie and FKP…
… and Qualcare Holdings buys 16 aged care facilities
GE Finance takes over Pacific Retail’s finance operations for $625 million
Goodyear takes full control of South Pacific Tyres NZ
TrustPower buys land in Wairau Valley, Marlborough for hydro development
Iron Mountain (US) takeover of Sirva (US) reveals unapproved acquisition
Christchurch Mt Pleasant land to Neil Construction for subdivision …
… and in Hills Road too
Luxembourg half owner of Pohuenui Island takes full ownership
Burns Philp restructures Goodman Fielder, buys NZ Dairy Foods, for IPO
Land for forestry
Other rural land sales

 

Numbers of deleted or released decisions
before appeal

 

Jan 
2005

Feb 
2005

Mar 
2005

Apr 
2005

May 
2005

June 
2005

July 
2005

Aug 
2005

Sept 
2005

Oct 
2005

Nov 
2005

Dec 
2005

Total
2005

Deletions

3

3

2

0

0

2

1

2

8

0

2

2

25

Applications refused

0

0

0

0

2

0

0

1

0

0

0

0

3

Decisions released

7

20

20

10

17

17

21

23

24

8

16

14

197

 

Compiled by:
Campaign Against Foreign Control of Aotearoa,
P. O. Box 2258 
Christchurch.