January to December 2006

Overseas Investment Office
Decisions

Commentary and Index prepared by CAFCA

Contents

January 2006 decisions

Lifestyle land purchase application declined
Pan Pac Forest Products buys further land
Other land for forestry
Other rural land sales
Summary statistics

February 2006 decisions

Primecare retirement villages bought by Australian corporate investors
AMP buys Summerset Holdings, retirement village operator
ING gets approval to buy out Calan Healthcare
Nobilo buys four blocks of land in Marlborough for wine growing
Australian Worldwide exploration buys New Zealand Overseas Petroleum
Hikurangi Forest Farms of Malaysia buys Gisborne land for timber processing
Nicks Head Station owner, Griffin of the US, buys Highgate beef farm, Gisborne
Karreman Bloodstock of Australia buys two more Cambridge properties
Summary statistics

March 2006 decisions

Fairfax buys Trade Me for $700 million
PEP buys Tegel Foods for $250 million
Allco Funds Management buys into Strategic Investment Group
ANZ Terminals buys bulk liquid chemical storage operator, Kaneb Terminals
Macquarie Goodman buys 50% of Viaduct Basin company…
… and restructures
Multiplex buys Albany building
Ernslaw One buys lifestyle property for Ruatoria manager
Retrospective and new approvals for Gibbston Valley developments
Retrospective approval for Great Barrier Island tourist lodge owned by U.K. trust
Summary statistics

April 2006 decisions

Cameron sells down her ownership of Kathmandu to 49%
Trustpower buys dairy farm to develop Arnold Valley Hydro Power Scheme
Land for forestry
Nobilo buys more land in Hawkes Bay, and three more blocks in Marlborough
Land for wine
Other rural land sales

May 2006 decisions

PEP buys Griffins from Danone
Qualcare acquires Eversley Elder Care from Presbyterian Support
Macquarie Goodman leases more Manukau land to sub-lease to Linfox
Trustpower acquires further land for Arnold Valley Hydro scheme
Oceana Gold acquires confiscated land for heritage park at Macraes gold mine
Epsom homestead to French Polynesia Govt for functions, accommodation
Accor subsidiary buys Puka Park Resort at Pauanui Beach, Coromandel
Auckland University company sets up US registered company to take itself over
Over 12,000 hectares of forest to Tiong-owned Ernslaw One from Ngai Tahu
Land for wine
Ambreed relocates dairy semen production farm to meet EU requirements
Other rural land sales
Summary statistics

June 2006 decisions

One application refused: purchase of 7 ha. Hawkes Bay vineyard
Transpacific buys Waste Management New Zealand
More aged care to Investment companies: Macquarie buys in Motueka …
… and Elizabeth R in Stratford… … and JB Were buys 28.5% of Vision Senior Living
Cedenco Foods acquires Circle Pacific Limited
Restructuring of US/Taiwan ownership of Te Kuiti meat processor UBP
Leasehold land bought for storing cars
TrustPower buys land for Arnold Valley Hydro-electric Power Scheme
AMP investors acquire share in Matariki Forests, owner of 92,000 ha of forests
Land for wine
Jacks Point Ltd acquires further land for $100 for Queenstown development
Five Mile Holdings takeover of Gardez includes 8 ha. in Frankton, Queenstown
US corporation buys Glazebrook Station, Waihopai Valley, Marlborough
Other rural land sales
Summary statistics

July 2006 decisions

Application refused: commercial purchaser of Queenstown rural land
GE buying Custom Fleet leasing company from BNZ …
… and ORIX of Japan buying Truck Leasing Ltd from ANZ’s UDC Finance
Australian Wheat Board and Fonterra in Australasian rural services joint venture
S8 of Australia buys Gullivers Travel Group, New Zealand’s largest travel agent
Hirepool sold to Australian investment company, Next Capital
Visy Industrial Plastics of Australia buys rival Alto
Carlton Hotel Auckland sold to Abacus Property Group of Australia
Catalyst Investment Managers get approval to buy Metropolitan Glass
Trans Tasman Properties buys Belfast leasehold for subdivision
Contact Energy exercises right to buy Wairakei farm from Landcorp
Indian company takes 25% of Pike River Coal
Orica buys land at Bombay, Auckland
Other rural land sales
Summary statistics

August 2006

GE buys the mortgage portfolio of St George Bank (“Superbank”)
First Data Corporation of the U.S.A. has approval to take over Peace Software
Otamatapaio owners freehold 5,600 ha. of station for $1 from tenure review…
… then local partners in Otamatapaio and other stations sell to Italian partners
Bunnings buys land in Paraparaumu for new store
Trustpower buys further land for Arnold Valley power scheme
Kupe buys Taranaki land for gas production plant
Land for wine
New owners for Otahuna Lodge
Two lots on Lake Wakatipu, Queenstown, bought for resale
Summary statistics

September 2006

Maruha of Japan gets approval to acquire 5,000 tonnes of fishing quota
Rank Group buys out other shareholders in Burns Philp
Macquarie acquires lease in Manukau for commercial development
BNZ buys 80 Queen St including historic building for Multiplex to develop
AMP buys 50% interest in Bayfair Shopping Centre, Mt Maunganui
Neil Construction buys land for more subdivision …
… and CDL Land buys Christchurch land for subdivision
Retrospective approval for takeover of remaining 49% of Thames Timber Ltd…
… reorganisation of ownership of Thames Timber Investments Limited
Land for forestry
Land for wine
Other rural land sales
Summary statistics

October 2006

Hancock buys Carter Holt Harvey’s forests
Takeover of Kathmandu clothing completed
Bacardi buys local Whisky firm, 42 South
Nikko Principal Investments buys Truck Leasing Ltd (Esanda)
Dutch food firm takes over two companies
BNZ buys leasehold from Centreport, Wellington, for construction of new office
Land to TrustPower for Tararua wind farm, Waipori and Arnold Valley hydros
Approval concerning “Electricity & Gas Supply” almost entirely suppressed
Strategic Finance buys lease of its office on Princes Wharf, Auckland
Land for wine
Other rural land sales
Summary statistics

November 2006

Bunnings buys property in Stoke, Nelson, for new store
Macquarie buys two further properties in Plunket Avenue, Manukau
Hong Kong investor buys further land at Maraekakakaho Road, Hastings
US investors buy more land for their farm at Motueka, Nelson
Summary statistics

December 2006

Suncorp-Metway of Australia buys Promina Group for $8.94 billion
Another private equity buyout of aged care facility: CVC buys DCA
Cavotec buys innovator Mooring Systems Ltd
Nikko of Japan buys Hirequip
MFS buys S8 which bought Gullivers Travel
Australian owners dominate new owner of Porter Heights ski field
CDL buys the Rendezvous Hotel, Auckland
Restructuring of interests by Macquarie Goodman
Middle Mount Forest buys 670 ha. from Dunedin City Council’s City Forests
Land for forestry
Land for wine
Holcim buys quarry in Pukekohe
Other rural land sales
Summary statistics

 

Numbers of deleted or released decisions
before appeal

 

Jan 
2006

Feb 
2006

Mar 
2006

Apr 
2006

May 
2006

June 
2006

July 
2006

Aug 
2006

Sept 
2006

Oct 
2006

Nov 
2006

Dec 
2006

Total
2006

Deletions

0

4

1

0

6

3

4

4

1

5

1

1

30

Applications refused

1

0

0

0

0

1

1

0

0

0

0

0

3

Decisions released

7

12

17

11

9

21

20

16

16

15

5

14

173

 

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