| Decision | Consent Granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 21 November 2024 |
| Pathway | Sensitive land – special forestry (one-off) |
| Investment | Acquisition of freehold interest in two separate properties totalling approximately 582 hectares of land in Taranaki and Wanganui known as Moki and Gilbert Forests |
| Consideration | $8,040,000 |
| Applicant(s) | NZ Forestry Partnership LP United Kingdom 100% |
| Vendor(s) | Kingheim Limited New Zealand 100% |
| Background | The Applicant is ultimately owned by a United Kingdom family. The land to be acquired is approximately 582 hectares currently used for forestry purposes. The total productive area of the land is approximately 404 hectares of predominantly redwoods and pinus radiata. The Applicant plans to continue using the land for rotational commercial 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 PO Box 13-149 Christchurch |
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