| Decision | Consent Granted |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 20 June 2024 |
| Pathway(s) | Sensitive land – Farm land benefit test |
| Investment | Acquisition of a freehold interest in approximately 62 hectares of land at 477 Swamp Road, Ongaonga |
| Consideration | $5,750,000 |
| Applicants | Van Lanschot Kempen Investment Management N.V. Paheko Orchards Limited Partnership Hawkes Bay Apples Limited Partnership Netherlands 100% |
| Vendors | John Murray Bostock and Andrew Ross Wares as trustees of the BF Trust New Zealand 100% |
| Background | The Applicants are subsidiaries of Van Lanschot Kempen N.V. which have been formed to invest in horticultural assets in New Zealand. The land is currently used as an apple orchard. The Applicants will plant an additional 22 hectares of land in apples using a 2.5D planting method. The main benefits to New Zealand are likely to include increased jobs, increased productivity, increased export receipts and capital expenditure. Consent was granted as the Applicants have met the investor test criterion and the investment is likely to benefit New Zealand. |
| More information | Nicholas Russell |