| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 4 September 2024 |
| Pathway | Special forestry (One-off purchase) |
| Investment | Acquisition of freehold interest in approximately 283 hectares of land in Feldwick, Southland. |
| Consideration | $6,125,000 |
| Applicant | NZ Forestry Partnership LP United Kingdom 100% |
| Vendor(s) | NZ Timber No. 1 Limited Partnership New Zealand 100% |
| Background | The Applicant is ultimately owned by a United Kingdom family. The land to be acquired is approximately 283 hectares currently used for forestry purposes. The total productive area of the land is approximately 259 hectares of 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 | Sam Nelson Lane Neave Level 1, 2 Memorial Street Queenstown 9300 |