OIO approves $50m land portfolio sale to American behemoth
Mogridge and co’s sale of telco land investor Clearspan will provide ‘substantial benefit’ to New Zealand.
Interests including Bryan Mogridge have sold Clearspan to American Tower Corporation.
A majority-American owned company that acquires and operates wireless and broadband communications real estate – or “land under tower” assets – has been given Overseas Investment Office approval to buy Clearspan Property Limited.
The $50 million acquisition by American Tower Corporation was
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