January to December 2000

Overseas Investment Commission
Decisions

Commentary and Index prepared by CAFCA 

Contents

January 2000 decisions

Two refusals

SunGuard Data Systems of the U.S.A. buys Global Information Solutions

Pikes Point Transfer Station acquires land from Northern Disposal Systems

Oil companies get together to consolidate land in Lyttelton

Rayonier buys 39,200 hectares of Otago/ Southland forest land from Ngai Tahu

NZ Forestry Group buying 5,000 ha. near Wanganui with Taiwan investors

U.S. and Belgium residents buy 96 hectares to get East Cape forestry subsidy

Chinese state-owned company buys 103 hectares at Opihi for barley production

AWASSI NZ Land of Saudi Arabia buys further 1,125 ha. in Hawkes Bay

Other rural land sales
 
 

February 2000 decisions

Alliant of the U.S.A. tries to consolidate control of TrustPower

Asia Pacific Breweries after 100% of DB Group

Eric Watson and friends prepare for U.S. listing

Downer’s Works Infrastructure buys Bitumix from BP

ANZ Bank sets up local trust for ANZ shareholders in Aotearoa

Ngai Tahu sells 2,546 hectare Naseby Forest, Otago, to Malaysia’s Tiong Family

Weyerhaeuser/RII joint venture buy Kaituna timber mill from McVicar

Land for forestry

Genetic engineering firm, PPL Therapeutics, buys more King Country land

Lilybank Station owner buys another farm

Refusal reversed: four hectares at Prebbleton sold to Australians

Other rural land sales
 
 

March 2000 decisions

Natural Gas Corporation buys TransAlta New Zealand

United Networks (Utilicorp) buys gas distribution business from Orion

Marconi buys Harvest Group retail automation manufacturer

Mystery surrounds U.S. purchase of 25% of Mylestom Holdings Ltd

Juken Nissho buys more land for its Kaitaia mills

Land for forestry

Further 589 hectares sold to U.S. owners of Puketiti Station in King Country

U.S. partner increases share of 12,000 hectare Wyuna Station to 60%

Japanese owner of Taupo development crashes and sells to Swiss creditor

More land for Martha Mine, Waihi

Other rural land sales
 
 

April 2000 decisions

Garondale Station at Peel Forest, South Canterbury, sold to Canadians

Tiong firm, Neil Construction, buys Albany land for development

Land for forestry

Other rural land sales
 
 

May 2000 decisions

Buyouts of Brierley Investments interest in Sealords refused

Norske Skogindustrier of Norway buys Fletcher Paper

CanWest takes control of RadioWorks

BRL Hardy of Australia buys rest of Nobilo Wines

Imerys, union-basher of France, Belgium, Canada, buys China Clays

Japanese owner for Teschmakers school at Oamaru, Otago

Christian camp sold to U.S. Institute in Basic Life Principles

Auckland One Ltd of Singapore buys property in Gillies Ave, Newmarket

Land for forestry

Two Manapouri farms sold to U.S. owners

Other rural land sales
 
 

June 2000 decisions

Two refusals

Resource consents force Juken Nissho to buy more land for its Kaitaia mills

Murchison forestry land sold to U.S. by manager

CDL Land buys ten hectares in Browns Bay, Auckland for subdivision

Danish doctor buys Highden Manor, Palmerston North, for health facility

More land for Martha Mine, Waihi

Poronui Station owner buys Irongate Vineyard in Hawkes Bay

Lilybank Station owner buys another farm

Telecom leases Waiheke Island land for cellphone site

Other rural land sales

 

July 2000 decisions

One refusal

Canterbury Malting Co to U.S. company convicted of international conspiracy

Singapore Airlines takes 25% of Air New Zealand

Mysterious sale of land by Manukau City Council to CDL Land

Land for forestry

More land for Martha Mine, Waihi

Other rural land sales

 

August 2000 decisions

One application refused – low budget fishing lodge near Napier

Controversial logger, Boise Cascade, buys NZ Office Products and Croxley

Macquarie CountryWide Trust buys Progressive supermarket properties

McCains buys Timaru property to expand plant

Neil International of Malaysia buys Albany land for Albany Centre Development

Land for forestry

Singapore DBS Bank Chairman bails out of Queenstown development

Juken Nissho and Olsen buy mining rights to road material at Nuhaka

Other rural land sales

 

September 2000 decisions

Montana takes Corbans, then Lion Nathan of Japan takes 28.2% of Montana

Major French wine producer Henri Bourgeois buys land in Marlborough…

… and Nobilo/BRL Hardy buys another vineyard in Hawkes Bay

Ceebay Holdings gets permission to continue to hold fishing quota

Commonwealth Bank of Australia takes last 25% of ASB Bank

WestpacTrust buys residential mortgages and loans from National Mutual/AXA

Hoyts back out of merger with Village Force

Italian firm buys dishwasher manufacturer, Washtech

Hertz Fleetlease buying vehicle leasing business from Hertz New Zealand

Change of Singapore owners to prepare for Queenstown hotel development

Pacific Steel buys land from Manukau City Council

Land for forestry

U.S. golf course owner in Kerikeri, Northland buys more land

Other rural land sales

October 2000 decisions

One refusal

Shell bids for Fletcher Energy

Fletcher Residential purchases Waitakere land for subdivision

AMP acquires Manukau Supa Centa

SPHC buys Park Royal Hotel, Wellington

Hudson buys Savoy out from Hyatt Regency Auckland Hotel site for “a song”

Brierley Investments buys Greyloch Holdings from ANZ Bank

Nelson Pine Industries acquires more Nelson land as buffer to fibreboard plant

Land for forestry

More land for Martha Mine, Waihi

U.S. sheep farmer with fetish for new breeds acquires further 867 ha.

Montana buys five blocks of land in Marlborough, Hawkes Bay and Gisborne

Craggy Range vineyards expand in Hawkes Bay

Southland land purchased “to promote and safeguard the earth’s biodiversity”

Other rural land sales

November 2000 decisions

Stratos of Canada buys out British Telecom from Inmarsat satellite service

Tegel Foods buys New Plymouth land to expand poultry processing plant

Portage Hotel, Marlborough Sounds, sold to Australian/Aotearoa partners

Land for forestry

Other rural land sales

December 2000 decisions

Credit Suisse buys 27% of Fletcher Forests underwriting rights offer in breakup

Telecom enters into investment agreements with TMT

Dynasty of Singapore buys 40% of Waterford Hotel development in Tauranga

Rayonier sells out of forests in Wanganui and Northland

Land for forestry

Kenyan and Swiss missionaries buy 6,290 ha. station to add to Southland farms

Tasman Agriculture buys two more farms in Southland

Cassimir Lodge, Tauranga, sold to U.S. company

Ownership of Closeburn Station lifestyle block transferred to Trust to avoid tax

Other rural land sales

Numbers of deleted or released decisions before appeal

 

Jan 
2000

Feb 
2000

Mar 
2000

Apr 
2000

May
2000

June
2000

July 
2000

Aug
2000

Sept
2000

Oct 
2000

Nov 
2000

Dec 
2000

Total 2000

Deletions

6

3

4

1

8

6

3

4

15

2

4

3

59

Applications refused

2

0

0

0

6

2

1

1

0

1

0

0

13

Decisions released

13

19

28

9

30

19

12

18

35

28

12

18

241

 

Compiled by:

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