| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 23 July 2021 |
| Pathway(s) | Forestry (Special forestry - One-off purchase) |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 247.6455 hectares at 991 Wakamarina Road, Wakamarina, Marlborough. |
| Consideration | $2,206,000 |
| Applicant | Ellis Campbell (NZ) Limited United Kingdom (100.00%) |
| Vendors | Wakamarina Valley Forest Partnership New Zealand (100%) |
| Background | The Applicant has applied for consent under the special test relating to forestry activities set out in section 16A(4) of the Act. The Applicant is a subsidiary of a family-owned UK company. It has previously invested in New Zealand, and has had forestry investments here for 30 years. The land is currently being used for commercial forestry. Approximately 230 hectares is pinus radiata forest or is in the process of being replanted, and the remaining area (approx. 17 ha) is unplantable land or infrastructure. The land will continue to be used for forestry activities and replanted after harvest. |
| More information | Paul Gibson / Claire McKendry Gascoigne Wicks PO Box 2 BLENHEIM |