KEY POINTS:
The BNZ has been given Government approval to sell its Queen St property in Auckland to Australia's Multiplex for more than $93 million.
The Government's Overseas Investment Office Bank of New Zealand - wholly owned by Australia's National Bank - is selling 1.4ha of leasehold land in the central city to Multiplex 80 Queen St for $93,558,468.
The office issued its September decisions this month and said it had not turned down any applications.
Work has started on the Queen St site, where Multiplex is putting up a new $125 million bank headquarters.
The investment office said BNZ Properties (Auckland), a wholly-owned subsidiary of BNZ, owned the land but sought Government approval to sell to the subsidiary of Australian company Multiplex, which is demolishing the existing building fronting Queen St and part of the art deco Jean Batten building.
Multiplex would design and build the new structure and lease space in it to the BNZ.
In another decision, Australian-controlled Macquarie Goodman was given permission to lease land at Westney Rd in Manukau from Workstore Developments, owned by a group of New Zealanders.
Macquarie had consent to lease all the 34ha Manukau property from Workstore for an initial 20 years.
CDL Land, part of the listed CDL Investments, got approval for two Canterbury deals involving $9.2 million. CDL is buying 13ha of land for $5.2 million and 11ha for $4 million.
It plans a 145-lot housing subdivision on the first plot of land and 119 lots in the second plot.
Malaysia's Tiong family, who own Neil Construction, got approval to buy the Salvation Army's Camp Mahurangi at Snells Beach north of Auckland for $5.6 million, but Neil got approval for two separate deals.
The first was for Neil to spend $12.3 million on a 23.8ha property in the Bay of Plenty's Omokoroa for a 160-lot housing subdivision.
Neil bought the land from New Zealanders David and Nancy Goldstone and plans to start the three-stage subdivision by 2009.
The second Neil deal is its $2.1 million purchase of 2.3ha of Henderson land. Neil already owns a 1.5ha block next to the Henderson block at 108 Simpson Rd, wants to develop a 15-lot housing subdivision on its latest block as part of a larger 28-lot project.
America's Southern Cross Forest Products was cleared to buy Thames Timber Investments from another American company, Shearwater, for $4.8 million.
Thames Timber operates a sawmill and timber processing plant in the Coromandel and the office said the deal was a reorganisation of a group of companies controlled by the Hagen family of the United States.
Australian interests got approval to buy 29ha of Havelock North land for $2.9 million, extending the wine-producing activities of Craggy Range Vineyards.
British partners got approval to buy 8ha of Blenheim land for $1.1 million, Swiss partners can buy a 51ha of Wairarapa land and Dutch partners can buy 80ha of Makara land outside Wellington for $721,000.
Japan's Maruha Corporation got permission to buy transferable fishing quota for up to 5000 tonnes of various species.
Done deals
The Overseas Investment Office has:
* Approved all proposals by foreign applicants in its September decision round.
* Approved deals worth $8.2 billion this year, down on the $8.6 billion approved last year.
* Agreed to gross land deals involving 115,300ha, compared to 146,00ha this time last year.
