| Notification | Notification of a transaction under a Standing Consent |
|---|---|
| Notification number | 01 of 40 |
| Decision date | 7 January 2025 |
| Pathway | Special Forestry Test (standing consent) |
| Investment | An overseas investment in sensitive land, being the Consent Holder’s acquisition of a freehold interest in approximately 216 ha at Haumanga Road, Broadwood. |
| Consideration | $4,500,000 |
| Consent holder | Kauri Forestry LP |
| Vendor | Nelly Forests Limited Partnership |
| Background | The Consent Holder is part of the Craigmore Sustainables Group. It is a forestry and horticulture investment vehicle and already holds a significant amount of land in New Zealand for those purposes. The Consent Holder was granted a standing consent under the special forestry test on 13 June 2024. This permits the Consent Holder to acquire up to 10,000 hectares of land in up to 40 transactions by 12 June 2027. This is the first acquisition of Land under the standing consent. The Consent Holder intends to continue to use the land for forestry purposes as the Land is subject to a 35-year forestry right granted in 2019. |
| More information | Christina Lefever |