Applicant
DXT Forestry Solutions (New Zealand) Limited
Case number(s)
202400302
Decision date
Type
Decision
Decision

Consent Granted
Section 12(1)(a) Overseas Investment Act 2005

Decision maker

Toitū Te Whenua Land Information New Zealand

Decision date

7 June 2024

Pathway(s)

Sensitive land - Special forestry (One-off)

Investment

Acquisition of a freehold interest in approximately 535 hectares of land located at Glenroy Road, Whangara, Gisborne. 

Consideration

Withheld under s(9)(2)(b)(ii) of the Official Information Act 1982

Applicant

DXT Forestry Solutions (New Zealand) Limited
Italy 100%

Vendors

Michael Joseph Timothy Lane, Angela Louise Lane and Gerald Patrick Thomas Lane as trustees of the Patrick Lane Trust
New Zealand 100%

Background

The Applicant is ultimately owned by members of an Italian family. 

The land is already used exclusively for forestry activities, and this use will continue. The total productive area is approximately 381 hectares planted in pinus radiata.

Consent was granted as the Applicant has met the investor test criterion and the special forestry test criteria.

More information

Catherine Reid
Catherine Reid Barrister