| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 6 August 2025 |
| Pathway | Sensitive land – Farm land benefit test |
| Investment | Acquisition of a freehold interest in approximately 43 hectares of land at 565 Western Drain Road, Edgecumbe |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Farmland Reserve NZ, Inc. United States 100% |
| Vendor | Three Roads Limited New Zealand 100% |
| Background | The Applicant is a corporation established in the United States and owned by Farmland Reserve, Inc., which is an integrated investment auxiliary of The Church of Jesus Christ of Latter-day Saints. The Applicant is acquiring a kiwifruit orchard in the Bay of Plenty which it intends to further develop by planting an additional 15 canopy hectares of kiwifruit on the land. The key benefits that will likely result from this investment are economic benefits in the form of increased export receipts, creation of employment, additional capital investment, increased expenditure. Consent was granted as the Applicant has met the investor test criterion and the investment is likely to benefit New Zealand. |
| More information | Tara Wylie Simpson Grierson Private Bag 92518 Auckland 1141 |