| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 16 July 2025 |
| Pathway | Benefit to New Zealand (Farm to Forestry conversion) |
| Investment | Acquisition of approximately 423.1878 hectares of land at 290 Hilcrest Road, Waiotira, Whangarei District. |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Kauri Forestry LP Switzerland 65% Germany 35% |
| Vendor | Taringamutu Farms Limited New Zealand 100% |
| 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 a significant amount of land in New Zealand for forestry investment purposes. The Applicant is acquiring a sheep and beef farm in Waiotira, Whangarei. The land is adjacent to the Applicant's existing forestry operations. The Applicant will convert approximately 262 hectares of the land into commercial plantation forest (predominantly pinus radiata) with planting during the winters of 2025 and 2026. Once matured, the crop of trees will be harvested and replanted. The land consists mostly of Land Use Capability (LUC) class 6 (415 hectares) and class 4 (6 hectares). The key 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 key benefit will be carbon and climate change in the form of reduced net carbon emissions. Consent was granted as the Applicant met the investor test criterion, and the Investment is likely to benefit New Zealand. |
| More information | Christina Lefever Lefever Law PO Box 33064 Christchurch 8244 |