| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 27 May 2025 |
| Pathway | Sensitive land - Special forestry test (one-off) |
| Investment | Acquisition of a freehold interest in approximately 794 hectares of land located at 1627 Masterton-Castlepoint Road, Masterton. |
| Consideration | $12,850,000 |
| Applicant | ERI Timber New Zealand S.á.r.l. Germany 100% |
| Vendor | West Cork Forestry Limited New Zealand 100% |
| Background | The Applicant is a Luxembourg incorporated company which is ultimately owned by a German construction sector pension fund. The land to be acquired is approximately 794 hectares of freehold land for commercial rotational forestry purposes. The total productive forest area is approximately 673 hectares, planted exclusively in pinus radiata. The Applicant intends to harvest the crop of trees once matured, and replant following harvest. Consent was granted as the Applicant has met the investor test criterion and the special forestry test criteria. |
| More information | Catherine Reid Catherine Reid, Barrister |