Applicant
Ponga Silva Limited
Case number(s)
202400339
Decision date
Type
Decision
Decision

Consent Granted
Section 12(1)(a) Overseas Investment Act 2005

Decision makerToitū Te Whenua Land Information New Zealand
Decision date24 June 2024
Pathway(s)Sensitive land - Special forestry test (one-off)
InvestmentAcquisition of Sommerville Forest (120 hectares), Lusk Forest (69 hectares), Avoca Forest (74 hectares) and Maromaku Forest (79 hectares) located in Northland for forestry activities
ConsiderationWithheld under section 9(2)(b)(ii) of the Official Information Act 1982
Applicant

Ponga Silva Limited
Germany 49%
United States of America 20%
United Kingdom 11%
France 6%
Various 14% 

Vendors

Tangiteroria Ngahere Limited
New Zealand 100%

Hereford and Romney Limited
New Zealand 100%

Bark and Wood Limited
New Zealand 100%

Background

The Applicant is a New Zealand incorporated company that is a repeat forestry investor having been granted consent in several previous applications under the special forestry test.

The land to be acquired is approximately 342 hectares currently used for forestry purposes. The total productive area of the land is approximately 275 hectares. 

All four forests are planted almost exclusively with pinus radiata. 

The Applicant plans to continue using the land for forestry.
Consent was granted as the Applicant has met the investor test criterion and the special forestry test criteria.

More information

Sarah Blackmore
Russell McVeagh (Auckland)
PO Box 8
AUCKLAND 1140