| Decision | Consent granted |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 7 April 2025 |
| Pathway | Benefit to New Zealand (Benefit to New Zealand - Farm to Forestry conversion) |
| Investment | Acquisition of a freehold interest in 142 hectares of land located at 45 Hilford Road, Waiotira, Whangarei District. |
| Consideration | $2,193,000 |
| Applicant | Kauri Forestry LP |
| Vendor | Gary Dobson |
| Background | The Applicant is a New Zealand limited partnership which is part of the Craigmore Sustainables Group. It is a forestry and horticulture investment vehicle which currently holds over 19,000 hectares of land in New Zealand for forestry investment purposes. The Applicant is acquiring a beef farm in Northland. The land is adjacent to the Applicant's existing forestry operations. The Applicant will convert approximately 68 hectares of the land into commercial plantation forest (predominantly pinus radiata) with planting during winter of 2025. Once matured, the crop of trees will be harvested and replanted. The land consists mostly of Land Use Capability (LUC) class 6 (139 hectares) and a small area of LUC 4 (1 hectare). The main benefits that will likely result from this investment are economic benefits in the form of increased export receipts, creation of employment, and additional capital investment. The other benefit will be climate change in the form of reduction in net carbon emissions. Consent was granted as the Applicants has met the investor test criterion and the investment is likely to benefit New Zealand. |
| More information | Christina Lefever |