| Decision | Consent approved 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 21 June 2022 |
| Pathway(s) | Special forestry (One-off purchase) |
| Investment | Acquisition of approximately 104 hectares of freehold interest in land located at part of 127 Campbell Road, Peria, Far North District (the Land). |
| Consideration | $440,000 |
| Applicant | Drylandcarbon One Limited Partnership At the time of application in April 2022: New Zealand 64.9% Australia 11% North America 8.9% United Kingdom 7.1% Various Regions 8.1% |
| Vendor | Sutton Land Holdings 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 is a limited partnership established as an investment entity for the purposes of developing a large and geographically diverse forestry portfolio. The Land does not include farm land because it comprises a forest that was planted in winter 2021. The Land currently includes 58 hectares of pinus radiata at a density of 1,000 stems per hectares, 35 hectares of unplantable land (ridges, gullies, and steep land), and 11 hectares of buffer land, set-backs, and riparian planting. |
| More information | Susie Kilty Buddle Findlay (Wellington) PO Box 2964 Wellington 6140 |
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