| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 05 October 2023 |
| Pathway(s) | Sensitive land - Special forestry test (one off) |
| Investment | A freehold interest in approximately 32.0500 hectares of land located at Wairau Valley, Marlborough known as ‘Eden Forest’, contained in Record of Title 56457 (Marlborough). |
| Consideration | $1,132,000 |
| Applicant | Ellis Campbell (NZ) Limited United Kingdom 100% |
| Vendors | Paul Anthony Eden New Zealand 100% |
| Background | The Applicant is a forestry investor and part of the Ellis Campbell Group. The Applicant is ultimately owned by a family owned company in the United Kingdom. The land is already used as a commercial forest known as Eden Forest. The land comprises of 30.6 hectares of forestry, and 1.45 hectares of roads and infrastructure, and unproductive land. The Applicant will continue to operate the land as a commercial forest, and replant the crop of trees following harvest. The Applicant will acquire the land through its forestry partnership, Forest of Eden Partnership. The Applicant currently has a 50% interest in the partnership but has obtained consent to acquire a 100% interest in the partnership, and therefore the land, in the future. Consent was granted as the Applicant met the investor test criterion and the special forestry test criteria. |
| More information | Claire McKendry Gascoigne Wicks Blenheim |