| Decision | Consent approved Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Overseas Investment Office |
| Decision date | 02 August 2022 |
| Pathway(s) | Special forestry (One-off purchase) |
| Investment | Tasman Pine Forests Limited - Acquisition of a freehold interest in 217.700 ha land located at Cullensville Road, Linkwater, Marlborough. |
| Consideration | $900,000 |
| Applicant | Tasman Pine Forests Limited Japan (76%) Various (24%) |
| Vendors | DNI 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 and the Land is closely located to other forestry land owned by the Applicant. The Land is currently forested land which has recently been planted with Pinus Radiata, with a small existing crop of Douglas fir. There are no dwellings on the Land. Harvesting of the new forest is due to commence around 2046, and replanting of a second rotation will commence once the first rotation of trees is harvested. |
| More information | Catherine Reid Catherine Reid Barrister catherine@catherinereid.co.nz |
- Last updated