| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 6 January 2025 |
| Pathway | Sensitive land - Special forestry test (one-off) |
| Investment | Acquisition of a freehold interest in approximately 241 hectares of land (subject to survey) located at 4388 Puketitiri Road, Puketitiri, Napier |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | György Sándor Dunai Hungary 100% |
| Vendors | Barry Raymond Grattan, Diana Shirley Grattan and Graham Brown & Co Trustees Limited as trustees of the Surrey Fields Trust New Zealand 100% |
| Background | The Applicant is the sole investor and this is his first application under the Act. The land is approximately 241 hectares currently used for forestry purposes. The total productive area of land is approximately 208 hectares which is planted almost exclusively with pinus radiata trees. 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 | Catherine Reid, Barrister catherine@catherinereid.co.nz |