| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 23 July 2025 |
| Pathway | Sensitive land – Special forestry (one-off) |
| Investment | Acquisition of a freehold interest in approximately 774 hectares of land located at 638 Glenfalloch Road, Otago (also known as Lochindorb Forest) |
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act 1982 |
| Applicants | Ingka Investments Forest Assets NZ Limited and Ingka Investment Managements NZ Limited Netherlands 100% |
| Vendor | Lochindorb Estate Limited New Zealand 100% |
| Background | The Applicants will acquire the land, and hold a forestry right over the land, respectively. The Applicants are owned by Ingka Investments B.V., the investment arm of Ingka Group, which is the largest franchisee of IKEA stores internationally. The land is currently used for forestry purposes with the total productive being approximately 558 hectares of pinus radiata and Douglas Fir. The Applicant plans to continue using the land for production forestry with harvesting commencing in 2026. Consent was granted as the Applicant met the investor test criterion and the special forestry test criteria. |
| More information | Pavanie Edirisuriya DLA Piper New Zealand |