Overseas investment decision for case 202300752 - Kauri Forestry LP

Consent Granted
Section 23A Overseas Investment Act 2005

Toitū Te Whenua Land Information New Zealand

13 June 2024

Sensitive land - Special forestry (Standing consent)

Kauri Forestry LP 
Switzerland 71%
Germany 29%

The Applicant is a repeat forestry investor which has acquired approximately 5,304 hectares of freehold, leasehold land and forestry rights currently used for forestry purposes. The Applicant previously held an earlier standing consent for forestry activities which has recently expired, and has been granted this new standing consent to enable it to acquire existing forests to continue to replenish and grow its forestry assets.

LINZ placed the following limits on the standing consent:

• existing production forests only (excluding farm land);
• no more than 10,000 hectares of land;
• no more than 2,500 hectares per transaction;
• up to 40 transactions;
• land located nationwide, but excluding land in the Gisborne region and Wairoa district;
• the standing consent cannot be used to acquire an investment in a strategically important business; and
• transactions must be entered into by 12 June 2027, and be completed by 12 June 2028.

Consent was granted as the Applicant met the investor test criterion, the Applicant has demonstrated the conditions of the standing consent were likely to be met, the Applicant has adequate processes in place to meet the requirements of the special forestry test and the Applicant has a strong track record of compliance.

Christina Lefever
Lefever Law