Decision | Consent granted |
|---|---|
Decision Maker | Overseas Investment Office |
Decision Date | 20 February 2019 |
Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 187.6550 hectares of land located at State Highway 30, Kopaki, Waitomo District (Stoneleigh Forest). |
Consideration | $4,300,000 |
Applicant | Oji Fibre Solutions (NZ) Limited |
Vendor | PF Olsen Tisa Pty Ltd (as trustee of the Australasian Timberland Fund II) |
Background | The Applicant has applied for consent under the special test relating to forestry activities set out in section 16A(4) of the Act. Stoneleigh Forest is a mature forest comprised of pinus radiata. The Applicant intends to harvest the existing crop and replant and maintain a similar replacement crop. The Applicant is purchasing Stoneleigh Forest primarily to secure timber supply for its domestic Kinleith and Tasman processing plants. The Applicant intends to hold the land indefinitely. |
More information | Chris J Parke |