Foreign investment in Aotearoa/New Zealand

2016

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 2016 decisions

Germans sell LeasePlan; Americans buy Veda Group; UAE buys Fastway Couriers; Malaysians “sweeten” Arrowtown purchase; Aussies to establish Queenstown polo ground; And a five star resort for Queenstown; Confidential Decision; Other January Decisions.

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February 2016 decisions

Americans take ownership of 80,000 hectare Matariki Forest to 100%; Turners and Growers plans another apple orchard; Aussie detention centre operator sold to Spanish transnational; Aussies buy 3,843 hectares of forests in Wairarapa; Canadians buy Waikato dairy farm; Crafar Farms owner grabs the Kawarau Falls development; Other February decisions.

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March 2016 decisions

Chinese sell Q & Farmers Card to the Aussies; Wellington buildings to be offered to investors; Blakely adds to forestry portfolio; Chinese buy 3,551 hectare Guide Hill Station; Overseas backers for Christchurch adventure park; Americans buy Recall; Aussie private equity buys into the foreign student market; Chinese buy Biomedicals; Another NZ pharmaceutical company sold; Brazilians take controlling stake in Dunedin’s Scott Technology; Chinese buy 1,192 hectare Stockerau Station; Chinese-owned childcare facility for Silverdale; Other March decisions.

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April 2016 decisions

Vector Gas sold; Maui pipeline next?; Americans take 100% of Flock Hill Station; Caltex gets retrospective consent for Dunedin Diesel Stop; New marina for Queenstown; Other April Decisions.

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May 2016 decisions

Shell sells Maui pipeline to Aussies; Japanese sell Southland forestry block to battling Bathurst; Aussie ownership of NZ Panels Group restructured; Confidential Decision.

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June 2016 decisions

Nuplex sold despite some shareholder angst; Chinese to establish milk processing plant near Gore; Blackstone to buy five retirement villages; Retrospective consent given for former Hubbard farm after OIO fines paid; Todd’s sell former gold mine site to Americans; Boulcott Hospital sold in two separate deals; Canadian Pension Fund Buys another Southland dairy farm; Japanese buy 20,000 hectare Nelson forest from Uncle Sam; New overseas owner for log exporting business; Aussies take full control of Viridian Glass; Other June Decisions.

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July 2016 decisions

Aussies reshuffle property portfolio; Dell acquires EMC in big data move; Tegel expands in New Plymouth; Fletcher Building buys Higgins Group; Turners and Growers to plant another apple orchard; New Aussie operator for Motutere Bay Holiday Park; Other July Decisions.

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August 2016 decisions

Vector Gas sold; Maui pipeline next?; Americans take 100% of Flock Hill Station; Caltex gets retrospective consent for Dunedin Diesel Stop; New marina for Queenstown; Other April Decisions.

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September 2016 decisions

Alcohol giant Constellation Brands increases NZ holdings; Harvard scholars increase Otago dairy super-farm; Overseas shares in NZ pig breeding; China buys half our biggest meat processer; Australian forestry funds shuffle shares in Kawerau forest; NZME/Fairfax merger: passed by OIO, failed by Commerce Commission; Canadian pension fund buys into Glencore Agricultural; New Forests Investment Fund buys up Forestlands; Cigna Life Insurance NZ in US merger; Two applications declined for non-residents; Two New Zealand lifestyles consented.

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October 2016 decisions

New Forests Investment Fund buying up Marlborough forests; Aus/China/NZ group begins buying forest in Porirua; Other foreigner funds shuffle shares in our forests; Zhaobai Jiang acquires more of Gulf Harbour; Chinese buy Origin Energy’s Rimu oil and gas well, South Taranaki; Consortium leases public land for Puhoi Rd of National Party significance; Chinese buy Tirohia landfill; Bolt holes in New Zealand?

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November 2016 decisions

NZ part of giant chemicals merger; China buys up NZ vitamins and mussel extract; More NZ wine in hands of Big Alcohol; Dutch transnational buys Bell Tea and coffee; More Tegel chicken in New Plymouth; Kestrel Capital increases shares to half of Tru-Test agri-tech; Thai niche hotel expands in Auckland; Jiggling orchard ownership; Buying NZ Lifestyles: Bay of Islands gated communities; Motueka is the place to bee.

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December 2016 decisions

Investors from tax havens buy forest in Marlborough; China buys Mangere health products company; Home Care, Australia, buys 40% of Healthcare of NZ; Aussie finance company buys into Hellaby; Fletcher Steel buys its Mt Wellington ColorCote site; Aussie winemaker Matua buys grape supplier’s vineyards; Germans/Chinese lease five Hawkes Bay blocks for apples; US/Canada financiers buy 2Degrees and owner; Westpac buying $498 million of NZ Steel’s receivables.

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Numbers of deleted or released decisions

Jan 2016 Feb 2016 Mar 2016 Apr 2016 May 2016 Jun 2016 Jul 2016 Aug 2016 Sep 2016 Oct 2016 Nov 2016 Dec 2016 Total 2016
Deletions 1 5 4 1 2 3 3 6 3 8 6 3 45
Approvals 11 9 16 5 4 12 9 13 12 11 13 13 128
Declines                 2       2
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