| Decision | Consent Granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 12 April 2024 |
| Pathway(s) | Special forestry (One-off purchase) |
| Investment | Acquisition of freehold and leasehold interests in approximately 5,304 hectares of land (Blue Mountains, Ngatimanawa, Oponae, Meremere forests) in Opotiki and Whakatane, Bay of Plenty. |
| Consideration | Between $20,000,000 - $30,000,000. Exact consideration withheld under s9(2)(b)(ii) of the Official Information Act. |
| Applicant | Kauri Forestry LP Switzerland 71% Germany 29% |
| Vendor | Matariki Forests United States of America 76% United Kingdom 9% Luxembourg 6% Various 9% |
| Background | The Applicant is a repeat forestry investor. It has acquired approximately 5,304 hectares of freehold and leasehold land currently used for forestry purposes. The total productive area of the property is approximately 2,766 hectares, 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 | Christina Lefever Lefever Law |