The OIA response provides the Overseas Investment Office’s Assessment Report relating to Gresham House Forest Carbon (NZ) Limited and Gresham House Forest Carbon (NZ) LP’s application for consent under the Overseas Investment Act 2005.
Gresham House Forest Carbon (NZ) Limited and Gresham House Forest Carbon (NZ) LP are part of an investment fund established for the purpose of investing in New Zealand forestry. The proposed investment was for 100% of the shares in a company that owns a freehold interest in approximately 12,356 hectares of land, 8,871 hectares of which is existing forest land, across New Zealand. Gresham House Forest Carbon (NZ) Limited and Gresham House Forest Carbon (NZ) LP intended to continue operating the land as permanent carbon forestry.