Overseas govt investors approved for Auckland deal

30th January 2025 By Staff Reporter | news@propertyticker.co.nz | @propertyticker

Singaporean special purpose vehicle CC Maverick Pte. has secured consent to acquire a commercial building in Auckland on approximately 4,787 square metres of land at 30 Daldy Street, Auckland Central.

The SPV is ultimately controlled by Asia Pacific investor PAG, which has a portfolio estimated to be worth $1.6bn in New Zealand.

The Overseas Investment Office said the land was currently being developed by vendor Mansons BDGP into a seven-level commercial building with associated retail, car parking and other amenities.

“This application was subject to a national interest assessment because the applicant is considered a non-New Zealand government investor due to the extent of some government investors from the United Arab Emirates and South Korea,” stated the OIO.

“The minister of finance has decided that the investment is not contrary to New Zealand’s national interest.”