North America biggest investor – based on available figures
Many transactions "confidential" and others escape OIO purview.
KPMG has released a report about the extent of foreign ownership in New Zealand and the biggest players.
Overall, North America, Europe and Australia were the biggest investors in 2013-14 at 59%, the report shows, with Chinese making up 14% of total direct investment during this period.
The US was the largest buyer of land during the period, followed by China and Netherlands.
Canada was the biggest in terms of foreign direct investment (value) – this involved the acquisition of 18 AMP Capital Property assets by a government pension fund, and an investment in forestry in the years studied.
Mainland and Hong Kong Chinese were overwhelmingly (49%) the biggest investors in agribusiness and the dairy sector, which makes up 11% of total foreign investment.
However, a reduction in the value threshold overseen by the Overseas Investment Office’s means the real picture remains unclear.
Recent changes means OIO approval is no longer required for transactions from certain Australian companies and individuals, “perhaps explaining the lower levels of observed investment from Australia.”
Many deals are also classed “confidential” and therefore outside the analysis.
Ten big corporate deals accounted for 64% of the approvals from the OIO in 2014.
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Chris Hutching
Mon, 17 Aug 2015
Mon, 17 Aug 2015
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North America biggest investor – based on available figures
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