Live Nation NZ, MHC Investments cleared by OIO to buy Auckland's Vector Arena

Mon, 31 Aug 2015

By Joshua Riddiford Aug. 31 (BusinessDesk) - Live Nation NZ and MHC Investments have been cleared by the Overseas Investment Office to acquire Auckland’s 12,000-seat Vector Arena for an undisclosed sum. Live Nation NZ and MHC will buy all the shares of EVENZ, the owner of NZ Venue & Event Management, which in turn is the beneficiary of the QPAM trust that owns and operates Vector Arena, according to the OIO decision. Under the terms of a development agreement with Auckland Council-controlled Regional Facilities Auckland, the arena must be...

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