| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 20 October 2025 |
| Pathway | Sensitive land - Special forestry test (One-off purchase) |
| Investment | Acquisition of a freehold interest in approximately 294 hectares of land located at Eves Valley Road, Brightwater, Tasman District. |
| Consideration | $2,900,000 |
| Applicant | Tasman Pine Forests Limited Japan 76% Various 24% |
| Vendor | Carter Holt Harvey Property Limited New Zealand 100% |
| Background | The Applicant is a repeat forestry investor, ultimately owned by Sumitomo Forestry Co., Ltd, a Japanese based global company with diversified businesses. The Land being acquired comprises approximately 294 hectares of freehold land with a total productive area of approximately 235 hectares containing pinus radiata. The Applicant plans to continue using the Land for production forestry with harvest commencing in 2039. Consent was granted as the Applicant has met the investor test criterion and the special forestry test criteria. |
| More information | Catherine Reid, Barrister catherine@catherinereid.co.nz |