| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 25 March 2020 |
| Pathway(s) | Sensitive land – special forestry test |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 154.015 hectares of sensitive land at 6279 Wairau Valley Road, Marlborough. |
| Consideration | $750,000 |
| Applicant | Ellis Campbell (NZ) Limited United Kingdom (100.0%) |
| Vendor | Raglan Forestry 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 Applicant is a subsidiary of a family-owned UK company. The Applicant has previously invested in New Zealand and has had forestry investments here for over 28 years. The land is already used for commercial forestry. Approximately 109.7 hectares of the land is existing forest (pinus radiata) and 5.1 hectares is unplantable. The Applicant plans to develop the remaining 39.2 hectares of recently harvested bare land by replanting tree crops on it. 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 |