New Zealand

The proposed Overseas Investment Amendment Bill would prevent foreign investors from buying rural land unless they could prove it would bring substantial benefits to New Zealand

IP-rich New Zealand is a logical partner for resource-rich Gulf states as a producer of food in places like Africa, says New Zealand's Minister of Foreign Affairs.

Central North Island Maori are seeking to challenge Shanghai Pengxin's purchase of the Crafar farms using the same Treaty of Waitangi clause in legislation the Maori Party has fought to retain for partially privatised state-owned assets.

A new poll has shown more than three-quarters of New Zealanders want to make it tougher to sell land to foreigners.

La haute cour de Nouvelle-Zélande annule l’autorisation accordée fin janvier par le gouvernement de la vente de 16 fermes laitières à un investisseur chinois. Selon le juge, le gouvernement a surestimé les bénéfices économiques de la transaction.

“Nuestra opinión es que la oferta de Shanghai Pengxin, no ofrecía ningún beneficio económico real a Nueva Zelanda"

Shanghai Pengxin will persevere with its $210 million bid to buy the Crafar dairy farms in spite of the High Court today overuling the Government's decision to allow the deal to go ahead.

The amount of productive farmland being taken out of New Zealand hands each year has dropped off sharply in the past decade, figures show. But those opposed to overseas ownership of land say the best land has already been cherry-picked by foreign buyers who push prices up.

L’acquisition de 16 fermes laitières (Crafar Farms) par un groupe chinois crée des remous en Nouvelle-Zélande.

Le gouvernement a donné son feu vert à la décision du Bureau de l’investissement à l’étranger qui recommande la vente des 16 fermes laitières Crafar à la société Shanghai Pengxin pour 150 millions de dollars.

Chinese investors are buying New Zealand farmland for the first time as economic ties with the Asian powerhouse grow ever deeper, sparking considerable anxiety in a country where livelihoods are heavily reliant on agriculture.

Shanghai Pengxin Group Co., a Chinese property developer seeking to export dairy products to Asia, won approval to buy 16 New Zealand dairy farms amid local objections to rising foreign ownership of assets.