Foreigners got approval to buy $2.7 billion worth of New Zealand assets so far this year

Foreigners got approval to buy $2.7 billion worth of New Zealand assets so far this year, up $1b on this time last year, with the biggest deal being the sale of kiwi plastics business Sistema to American interests.

The Overseas Investment Office released data on Friday showing that from January to August last year, foreigners were granted consent to buy New Zealand assets valued at $1,799,452,788 but that had risen to $2,741,596,000 from January to August this year.

PHOTO SOURCE: LINZ

READ MORE VIA NZHERALD