| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 23 February 2026 |
| Pathway | Sensitive land - Special forestry (One-off) |
| Investment | Acquisition of a freehold interest in approximately 22,543 hectares of land located in the Otago region (known as the Berwick and Otago Coast Forests). |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Taieri Land Limited Netherlands 100% |
| Vendor | Otago Estate Limited Otago Estate Limited is ultimately owned by The Trust Company (Australia) Limited as trustee for New Forests Australia New Zealand Forest Operating Fund 2. The fund forms a stapled entity with New Forests Australia New Zealand Forest Investment Fund 2, called Australia New Zealand Forest Fund 2, which is owned by certain overseas Investment funds. |
| Background | The Applicant is a wholly owned subsidiary of Stichting Pensioenfonds ABP, a Dutch pension fund. The Land comprises approximately 18,855 hectares of productive forestry land. The Applicant intends to continue using the Land for forestry purposes. Consent was granted as the Applicant met the investor test criterion and the special forestry test criteria. |
| More information | David Raudkivi Russell McVeagh PO Box 8 Auckland 1140 |