| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 5 October 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 329 hectares of land at 26 Baker Road, Maungatapere, Whangarei (the Land). |
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act 1982. |
| Applicant | Kauri Forestry LP Switzerland (93%) Germany (7%) |
| Vendor | NL Russell 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 the majority of the Land to forestry by establishing and maintaining plantation forest (predominantly radiata pine) over approximately 240 hectares. In addition, the Applicant has identified approximately 40 hectares on the better contour of the Land that has the potential for subdivision and sale as lifestyle blocks. The remainder of the land will be unplanted land associated with forestry areas, including roads and tracks (36 hectares) and native bush to be retained (10 hectares). The Land will be planted over the 2021 and 2022 winter planting seasons and will be harvested in 25 to 30 years. |
| More information | Christina Lefever C/- PO Box 892 Christchurch |