| Decision | Consent granted |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 11 December 2024 |
| Pathway | Sensitive land - Farm land benefit test |
| Investment | Acquisition of a freehold interest in approximately 61 hectares of land at 824 Pongakawa Bush Road, Pongakawa, Western Bay of Plenty |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Beehive Demetra Limited |
| Vendor | David Grant Thomas |
| Background | The Applicant is a subsidiary of Münch Re, a German reinsurance company, and will be managed by New Zealand company Craigmore Sustainables NZ Limited. The Applicant is buying land used for animal grazing and horticulture. It plans to re-develop part of an existing 23 canopy hectare kiwifruit orchard and extend it by 13 canopy hectares. The main benefits to New Zealand are likely to include increased export receipts, capital expenditure and job creation. Consent was granted as the Applicant has met the investor test criterion and the investment is likely to benefit New Zealand. |
| More information | Christina Lefever |
This assessment report was published as part of an Official Information Act request:
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