| Decision | Consent Granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 01 July 2024 |
| Pathway | Sensitive land - Special forestry test (one-off) |
| Investment | Acquisition of 688 hectares at 383 Lake Monowai Road, Southland (O’Brien’s Forest) |
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Ponga Silva Limited Germany 49% United States of America 20% United Kingdom 11% France 7% Various 13% |
| Vendor | Westend Station 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 688 hectares currently used for forestry purposes. The total productive area of the land is approximately 427 hectares. The forest is 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 PO Box 8 AUCKLAND 1140 |