| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 22 February 2022 |
| Pathway(s) | Special forestry (One-off purchase) |
| Investment | An overseas investment in approximately 477ha of land located at 589 Motukawa Road, Taranaki, known as "Motukawa Forest" |
| Asset Value | $3,300,000 |
| Applicant | Johannes Trauttmansdorff-Weinsberg Austria (100%) |
| Vendor | Motukawa Forests Limited New Zealand (100%) |
| Background |
The Applicant has been granted consent to acquire the Land under the special test relating to forestry activities set out in section 16A(4) of the Act. The Applicant intends to acquire the Land as an investment in commercial forestry. The Applicant is an experienced forestry investor in New Zealand. The Land is currently forest land comprising approximately 267ha of Redwood and Pinus Radiata forestry (ranging in age from 0 to 14 years) and approximately 210ha of unplantable land (this includes 156ha of native bush which will be retained). Harvesting of the Pinus Radiata will commence in approximately 2035 and harvesting of the Redwoods in approximately 2048. The Land will then be replanted with a similar commercial crop of trees. |
| More information | Catherine Reid catherine@catherinereid.co.nz |
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