| Decision |
Consent granted |
|---|---|
| Decision maker | The Minister for Land Information and the Associate Minister of Finance |
| Decision date | 19 September 2023 |
| Pathway(s) | Special forestry (One-off purchase) National interest assessment |
| Investment | Acquisition of a freehold interest in 557.5486 hectares of land located at 185 Pauariki Road, Tokomaru Bay (Mangarakai Forest or the Land). |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant |
Ponga Silva Limited |
| Vendor | Kiwi Forests Limited New Zealand (100%) |
| Background |
The Applicant is a New Zealand incorporated company and a wholly-owned subsidiary of Silvanus Vermögensverwaltungsgesellschaft mbH (Silvanus), a company incorporated in Germany. The Vendor has already harvested the Land and replanted with approximately 400 hectares of radiata pine. The Applicant plans to continue production forestry by planting the balance of the Land, and harvesting after 25+ years. Approximately 88 hectares of the Land is unplantable, comprised of native bush (12 ha), roads and tracks (6 ha) and buffer land (70 ha). Consent was granted as the Applicant has met the investor test criterion and the special forestry test criteria. The Minister of Finance has decided that the investment is not contrary to New Zealand’s national interest. |
| More information |
Sarah Blackmore |