Applicant
Mount Marsh LP
Case number(s)
201410036
Decision date
Type
Decision
DecisionConsent granted
Section 12(a) Overseas Investment Act 2005
Decision date2 July 2014
InvestmentAn overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 239.5088 hectares of land known as Mount Marsh Forest and situated at Castle Hill Road, Alfredton.
Consideration$1,400,000
ApplicantMount Marsh LP
Germany (100%)
VendorRoger Dickie Developments Limited
New Zealand (100%)
Background

The majority limited partner of the Applicant is one of the largest private forest owners in Germany having a woodland estate of 7,700 hectares. The acquisition of Mount Marsh Forest will enable diversification of those forestry interests to other geographic locations.

The overseas investment transaction has satisfied the criteria in section 16 of the Overseas Investment Act 2005. The 'substantial and identifiable benefit to New Zealand' criteria were satisfied by particular reference to the following factors:

Overseas Investment Act 2005
17(2)(a)(i) – Jobs
17(2)(a)(iii) – Increased export receipts
17(2)(a)(v) – Additional investment for development purposes
17(2)(a)(vi) – Increased processing of primary products
17(2)(e) – Walking access

Overseas Investment Regulations 2005
28(f) – Advance significant Government policy or strategy
28(i) – Economic interests

More informationSally Sisson
Roger Dickie (New Zealand) Limited
PO Box 43
Waverley 4544