Overseas interests got consent for deals worth $1.2 billion last month, including a South Island farming station which can be sold to Hong Kong interests.

The Overseas Investment Office cleared the sale of 5443ha of New Zealand land in 12 approvals last month.

No applications have been declined this year.

The $16.5 million South Island farm deal, which involves about $6 million of community donations, was included in those transactions.


Hong Kong's Blue Lake Investment was cleared to buy Guide Hill Station, a 3551ha run on Braemar Rd, Lake Tekapo. David and Marion Gould are the vendors.

"The applicant intends to continue to run and improve the current farming operation on Guide Hill Station in conjunction with the vendor family. In addition, the applicant intends to further develop Guide Hill Station for tourism, through new accommodation and other visitor facilities, and for academic research -a new crop research facility operated in conjunction with Lincoln University," the application said.

That will all involve a total cost of $5.6 million.

"The applicant also intends to donate $410,000 to three community organisations over three years, being Lincoln University, the A2O cycleway and the Mackenzie Trust," the decision sheet said.

Plans for the largest Southern Hemisphere downhill mountain bike and adventure park were in an application from Leisure Investments NZ, owned by various overseas entities and the Christchurch City Council. Leisure Investments was cleared to buy land from New Zealand business McVicar Holdings.

"The applicant is leasing the land, with an option to purchase. The applicant will develop what will be the largest downhill mountain bike and adventure park in the Southern Hemisphere. The investment is likely to result in the creation of numerous jobs and the introduction into New Zealand of considerable investment for development purposes," the application said, listing the price as $10,687,410 of rental payments and $10 million as a freehold interest sum.

The land is a 358ha block on Worsleys Rd, Christchurch.

A $52 million deal was cleared for Brazil's JBS Australia to buy 100 per cent of the shares in NZX listed Scott Technology, which owns 3.1ha of land in Dunedin.

A $315 million deal for Australia's FlexiGroup to buy assets from AF Investments, owned by China's Haier Group Corporation, was also cleared. That deal involves the acquisition of shares in Fisher & Paykel Finance.

"The applicant is the New Zealand operating company of FlexiGroup Limited, an Australian listed company that provides various financial products and services including consumer and commercial leasing, mobile and broadband financing, and interest free finance. The applicant considers that the investment will strengthen the applicant's ability to provide competitive financing solutions to their respective customers and presents an opportunity for FlexiGroup to grow its presence in the New Zealand market, improving geographic and product diversity for its shareholders," the decision sheet said.

Assets of educational business Academic Colleges Group were also cleared for sale to Global Academic Group, a New Zealand company wholly owned by overseas investment funds and managed or advised by Pacific Equity Partners. No price was revealed.

Emmanuel Denis and Nancy Sun of China received consent to buy 1191ha of land in the Whakatane area from New Zealand's Stockerau Station. The price was $8.5 million.

Hongying Xie of China got clearance for a $4.5 million deal to buy 5.2h of land at Dairy Flat, Silverdale north of Auckland. She intends to develop a new purpose-built early childcare facility for about 125 children.

Iron Mountain Acquisition Holdings, mainly owned by United States' interests, got consent to buy shares in a business which owns 3.5ha of Wellington land through a subsidiary, Recall New Zealand. The price was $21.9 million.

American Michael Stone got consent to buy 124ha of Upper Moutere land in the Nelson area for $9.8 million.

Elvita Finance, 27 per cent Australian owned, is allowed to buy shares of NZP Holdings which owns 13ha of land in Palmerston North but the price was withheld.

British majority-owned Matai Pacific has consent for a $1.2 million deal on 14.4ha of land at Te Puke for a kiwifruit orchard.

Australia's Vinta Investments is allowed to buy properties for more than $100 million from Australia's Talavera Property Group and intends to enter the business of funds management.

"The properties are being transferred into a newly established unit fund. The consideration for the properties will be finances in party through the raising of funds from qualifying wholesale investors," the decision sheet said. None of the addresses were listed.

China's Changda International can buy 1ha of Orewa land north of Auckland for $2.8 million, intending to subdivide it into 15 to 20 lots.

Valiant Co, 49 per cent Chinese owned, can buy American-owned MP Biomedicals.