Canada pips China as biggest source of investment after AMP Capital, forestry deals

Sun, 16 Aug 2015

Aug. 17 (BusinessDesk) - Canada eclipsed China as the biggest source of foreign direct investment in New Zealand in the past two years, after the Public Sector Pension Investment Board bought a property portfolio from AMP Capital Investors and acquired more of the Kaingaroa forest. A total $14.2 billion of investment applications were approved by the Overseas Investment Office between January 2013 and December 2014, according to a KPMG survey. That's down from $18 billion in the preceding 2 1/2-year period. Canada accounted for 22 percent of...

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