| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Overseas Investment Office |
| Decision date | 20 September 2022 |
| Pathways | Special forestry (One-off purchase) National Interest assessment |
| Investment | Houto Road, Tangiteroria, Northland |
| Asset value | $10,943,682 |
| Applicant | China Forestry Group New Zealand Company Limited China 100% |
| Vendors | Houto Forest Farm Limited as Trustee of Houto Forest Farm Partnership New Zealand 89% Sweden 6% United States of America 3% Canada 2% |
| 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 Land is existing forestry and currently planted in mainly Pinus Radiata Forest. The Applicant expects that the Trees will be ready for harvest in the next 12-24 months with replanting occurring as soon as possible after harvest. The Applicant intends to replant any harvested area with Pinus Radiata. The Minister of Finance has determined that the Investment is not contrary to New Zealand’s national interest. |
| More information | Susie Kilty Buddle Findlay PO Box 2964 Wellington 6140 |
- Last updated