| Decision | Consent granted Section 12(1)(a) of the Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 25 January 2024 |
| Pathway(s) | Special forestry (One-off purchase) |
| Investment | Acquisition of Waimai Forest at Dixon Road, Te Akau in the Waikato region for forestry activities |
| Consideration | $1,675,000 |
| Applicant | Ponga Silva Limited Germany (45%) United Kingdom (14%) France (7%) United States of America (9%) Various (15%) |
| Vendor | Taumata Productions Limited and Waimai Super Trees Partnership New Zealand (100%) |
| Background | The Applicant is a repeat forestry investor. It has acquired approximately 196.6310 ha of freehold land currently used for forestry purposes. The total productive area of the property is approximately 175 ha, exclusively planted in Pinus radiata. The Applicant plans to continue using the land for production forestry. Consent was granted as the Applicant has met the investor test criterion and the special forestry test criteria. |
| More information | Sarah Blackmore Level 30, Vero Centre 48 Shortland Street Auckland 1010 |
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