| Notification | Section 23A Overseas Investment Act 2005 |
|---|---|
| Notification number | 1 (of 12) |
| Decision date | 30 January 2026 |
| Pathway | Special forestry test (Standing consent) |
| Investment | Acquisition of a freehold interest in approximately 299.8171 hectares at Mokamoka Road, Tutira, Hastings. |
| Consideration | $15,041,000 |
| Consent holder | Matariki Forests & Matariki Forests Trading Limited United States 72% United Kingdom 8% Norway 7% Switzerland 4% Various 9% |
| Vendor | Seneca South Pacific Limited United States 100% |
| Background | The Consent Holder is one of New Zealand's largest forestry companies, with a total of approximately 120,000 hectares of net productive area. The Consent Holder was granted a standing consent under the special forestry test on 25 January 2024. This permits the Consent Holder to acquire up to 10,000 hectares of land (already used for forestry) in up to 12 transactions by 25 January 2028. This is the first acquisition of land under the standing consent. The Consent Holder intends to continue to use the land for commercial forestry with harvesting expected to commence in 2026. |
| More information | Tara Wylie Simpson Grierson Private Bag 92518, Auckland |