Overseas Investment Office

The other face of foreign ownership

Federated Farmers announces a great gift to New Zealand…from those awful foreign owners that no one likes and would oppose ever coming here to own our land.

The generosity of foreign investors has created New Zealand’s largest ever private land protection agreement at 53,000 hectares; equivalent to 240 Cornwall Park/One Tree Hill Domains.

“It is exciting that a Queen Elizabeth II covenant now covers the iconic high country over most of Motatapu, Mount Soho, Glencoe and Coronet Peak stations,” says Dr William Rolleston, Federated Farmers President.

“This is the other face of foreign ownership, perhaps best explained by dual Federated Farmers/Forest & Bird life member, Gordon Stephenson, who commented: “this is the first time a whole landscape is being put into a covenant”.

“Soho Properties have gone massively over their Overseas Investment Office requirements, not only with this generous gift, but by investing in pest weed and pest plant control, fencing and the reintroduction of native fauna. It extends to the Walking Access Commission too.

“Almost all of the previously farmed areas will be retired from farming with the exception of the valley floors, where 10,000 stock units will continue to be farmed.

“Federated Farmers, having played a key role in forming the QEII National Trust, congratulates everyone at Soho Properties and the National Trust.  Read more »

Winston Peters making it up again, why do the media repeat his lies?

In a re-visit of his false claim that Huka Lodge was being sold to foreign owners…despite the claim being false, and it already being owned by foreigners, he has now claimed another farmer is being sold to foreigners.

Again the Overseas Investment Office is saying his claims are false.

When will the media stop repeating his lies?

New Zealand First leader Winston Peters is claiming the sale of another piece of farmland is underway to offshore interests.

In a speech to Grey Power members in Rangiora this afternoon, Mr Peters said the $5.5 million sale of 1037-hectare Wheturau Station, near Gisborne, is currently being considered by the Overseas Investment Office (OIO).

However, the OIO says it does not have an application to buy the farm.

The land is much smaller than the 13,800-hectare Lochinver Station near Taupo, which has reignited the foreign ownership debate.

“How do we know it’s being sold to overseas interests? Because we called up the agents, Bayleys, expressing interest in buying, and were told it’s already been sold offshore,” Mr Peters says.

Read more »

Labour’s hypocrisy over farm sales laid bare

The Labour party has come out saying they would block the sale of Lochinvar station in the Central North Island.

Never mind that it was previously owned by Americans, currently owned privately by Kiwis and now being sold in a private sale. No…they would block it.

Which is in stark contrast on how they handled the sale of the neighbouring station, Poronui, back in 2007.

Finance Minister Michael Cullen and the Minister for Land Information David Parker announced the sale of the American-owned Poronui Station today, to American company Westervelt Sporting Lodges Ltd.

Westervelt Sporting Lodges Ltd had applied to the Overseas Investment Office to purchase the 6500 hectare property, which borders the Kaimanawa Forest Park.

[...]

Michael Cullen said: “We welcome foreign investment that has real benefits for New Zealand. Westervelt plans to expand the hunting business and market the lodge more aggressively overseas, which will help our tourism profile.

“This is further proof that the process introduced by the Overseas Investment Act in 2005 to ensure land sales benefit New Zealand is working.”  Read more »

Why isn’t David Cunliffe insisting Fonterra sell all its overseas holdings?

via TV3 News

via TV3 News

Fonterra Cooperative Group Ltd. (FCG), the world’s largest dairy exporter, plans to boost investment in dairy farms and plants in China and other emerging markets as rising demand pushes milk prices higher in the next decade.

“We need to look outside of New Zealand, we need to look at other milk pools,” Chief Executive Officer Theo Spierings said on a conference call today after the Auckland-based company reported an 18 percent rise in first-half profit. “If we only focus on New Zealand, we’ll lose market share, we’ll lose relevance.”

— bloomberg.com, March 2013

David Cunliffe created Fonterra you know.  He did.  He’s so proud of it.  It’s on his CV.  And Fonterra are doing so well, they are expanding by buying overseas properties.  In China, even. Read more »

Colin Craig joins the left by adopting xenophobia

Well.  Whip me with a bottle cleaner and call me Nancy.  How did Colin Craig ever expect to work with the National Party when his policies are all over the show like a mad woman’s poo?

via NZ Herald

via NZ Herald

Isaac Davidson has the perplexing story

Chinese company Shanghai Pengxin has confirmed that it is aiming to buy a $70 million farm in the central North Island, which would be the second-largest foreign purchase of New Zealand land.

The company said this afternoon that its subsidiary Pure 100 Farm Limited had signed a sale and purchase agreement for Lochinver Station, near Taupo.

The sale is now pending approval from the Overseas Investment Office (OIO).

Chinese buyers interested in the Crafar farms, and needing OIO approval.  Nothing new here.  Good grief.   Read more »

How embarrassing for Radio NZ, ran a story and now deleted it as it was dead wrong

Radio New Zealand is reporting breathlessly (since deleted, but we have the screenshot) about Winston Peters and Huka Lodge, all off the back of a advert in the Dominion Post.

gc

The Huka Falls Resort is for sale, just months after New Zealand First leader Winston Peters claimed it was being sold to foreign buyers.

In February in an address to Greypower in Auckland, Mr Peters claimed that Prime Minister John Key had promised the buyers a smooth ride through the Overseas Investment Office process.

At the time, Huka Lodge said Mr Peters was not correct.

Land Information Minister Maurice Williamson also said the claims were not true.

The property is advertised for sale in The Dominion Post, with tenders due to close on 15 May. It was last sold in 2003.

The sale includes 3.8 hectares, buildings and the Huka Falls Resort conference centre and a cafe business. The advertisement says 27 of the 34 villas are leased to the business.

Read more »

If foreign companies are so bad why does Labour take sponsorship from them?

in-your-business

Yesterday David Cunliffe announced as reported by the Herald that Labour has major problems with overseas companies.

Mr Cunliffe said foreign direct investment was poorly managed at present and New Zealanders were losing out.

“Overseas investors are buying up land, farms and good companies, then sending the profits and jobs offshore.”

He said Labour would revamp foreign direct investment to attract quality investors with credible business cases designed around creating jobs and providing new technology to New Zealand companies.

It would make changes to the Overseas Investment Office rules to ensure that investors brought access to leading-edge technology and new overseas markets.

Labour’s 2013 Conference was sponsored and endorsed by:

American Income Life Insurance Company - owned by of bunch of Texans living in Texas according to the Companies Office.   Read more »

When given the choice of telling the truth or telling a lie why does Winston Peters always choose to lie?

Winston Peters is now heaping more lies upon lies.

Yesterday he claimed Huka Lodge had been sold when the owner, A Dutchman, said it wasn’t for sale and the the Overseas Investment Office said it hasn’t been sold as it needs their approval and no approval has be sought.

Today he changes the lie and still insists it is for sale, again the the owner has said this is untrue.

Winston Peters is standing by his claim that one of New Zealand’s most famous tourist lodges is being sold, despite both the owner and the Government saying it is not.

During his state of the nation speech in Takapuna yesterday, Mr Peters claimed Huka Lodge, near Taupo, was being sold to Chinese interests, to gasps from some of the hundreds of North Shore Grey Power members listening.

Afterwards he cited real estate sources for his comments. “My informant says John Key has said to these people: ‘Don’t worry about it, we’ll smooth it through the Overseas Investment Office’.”

Later, Peters modified his claim to say the lodge was for sale.

But sale talk was quickly rejected by both the Beehive and lodge management.  Read more »

It’s OK. He’s not from China you see

via idealhomegarden.com

via idealhomegarden.com

Why aren’t the Wogistani Party, the Green Taliban and Labour highlighting this in Parliament?

Italy’s Barilla family, founders of the world’s largest pasta company, have paid $25 million to buy a South Island dairy farm from Federated Farmers dairy chairman Willy Leferink and his wife Jeanet.

New Zealand’s Overseas Investment Office approved the purchase in a decision released yesterday, saying the buyers intend to make additional capital investment in the farm and develop significant indigenous biodiversity.   Read more »

What? Not a peep from Labour? Why not?

The Labour party opposes foreign ownership of our farms, they campaign to stop the chinks buying up the Crafar Farms. They used such examples in their campaigns about our land being stolen, sold off to foreigners and not being able to get it back.

Strangely though I can’t find a press release about the latest sale that has been announced. Why is that? Is it because it is Americans buying the land?

One of New Zealand’s biggest farms, described as being the size of Christchurch, has been sold to a North American investment group for an undisclosed sum.

The Overseas Investment Office has just given approval for the sale of Mt Pember station in the Lees Valley, about 85km north-west of Christchurch.

It is a massive 27,242 hectare (66,700 acre) property believed to be capable of carrying almost 53,000 stock units.  Read more »