NGB Properties Limited

The High Court has imposed a pecuniary penalty of $500,000 on NGB Property Limited (NGB). NGB admitted to breaching section 28 of the Act by placing an anti-competitive covenant on a site close to Mitre 10 MEGA Tauranga for the purpose of preventing a competitor, Bunnings, from opening a Bunnings Warehouse in the area. NGB is the sister company of Juted Holdings Limited, which operates the Mitre 10 MEGA in Tauranga.