| Decision | Consent granted |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 24 June 2024 |
| Pathway(s) | Sensitive land - Special forestry test (one-off) |
| Investment | Acquisition of three forests located in Pahiatua, Eketahuna and Raumai (being Kaitawa Forest (383 hectares), Balmoral Forest (580 hectares), and Ridge Road Forest (159 hectares)) for the purpose of forestry activities. |
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Salm-Salm Timber Luxembourg S.à.r.l. |
| Vendor | Afforestation Partners No. 1 Limited Partnership |
| Background | The Applicant is a Luxembourg based company, established for the purpose of making forestry investments. The Applicant is ultimately owned by eight limited partners, being insurance companies, private investors, and the Applicant itself. The land to be acquired is approximately 1,122 hectares currently used for forestry purposes. The total productive area of the land is approximately 923 hectares, planted exclusively in pinus radiata. The Applicant intends to hold the land as a long-term investment and is committed to replanting with a further commercial tree crop after each harvest. The forests will be managed by Roger Dickie Group. Consent was granted as the Applicant has met the investor test criterion and the special forestry test criteria. |
| More information | Catherine Reid |