| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 12 November 2020 |
| 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 624 hectares of land at 20 Boyd Road Waipu (the Land). |
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Kauri Forestry LP Switzerland (93%) Germany (7%) |
| Vendor | Caves Farm Limited 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 Land to be acquired is currently in use as a beef farm. The Applicant plans to convert most of the Land to forestry by establishing and maintaining plantation forest (predominantly radiata pine) over approximately 299 hectares. The remainder of the land will be unplanted land associated with forestry areas, including roads and tracks (88.4 hectares) and native bush to be retained (237 hectares). The Land will be planted over the 2021 and 2022 winter planting seasons and the radiata pine will be harvested in 25 to 30 years. |
| More information | Christina Lefever Lefever Law PO Box 33064 Christchurch |