| Decision | Consent granted |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 5 February 2025 |
| Pathway | Sensitive land - Benefit test |
| Investment | Acquisition of a freehold interest in approximately 25 hectares of land at 74 MacDonald Road, Matawhero, Gisborne |
| Consideration | $21,500,000 |
| Applicant | Millari Assets Limited |
| Vendor | Juken New Zealand Limited |
| Background | The Applicant is ultimately owned by an Iranian/Australian businessman who owns timber product wholesaling businesses in Australia. The land is the site of the Juken Mill, a wood processing mill that closed in March 2024. The Applicant intends to re-commission the mill and operate it as a wood processing facility. The key benefits that will likely result from this investment include creation of jobs, and increased capital investment, production and export receipts. Consent was granted as the Applicant met the investor test criterion and the investment is likely to benefit New Zealand. |
| More information | Lance Jones |