| Decision | Consent granted Sections 12(1)(a) of the Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 31 March 2026 |
| Pathway | Sensitive land – Production forestry |
| Investment | Acquisition of a freehold interest in approximately 460 hectares of land at 4098 State Highway 14, Tangiteroria, Northland. |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Sustainable Forestry New Zealand Limited Germany 70% United States of America 10% United Kingdom 4% Various 16% |
| Vendor | Maungaru Farms Limited New Zealand 100% |
| Background | The Applicant is a newly formed New Zealand company which is part of a German insurance and financial services group known as HDI Haftpflichtverband der Deutschen Industrie V.a.G. It is acquiring approximately 460 hectares of land with approximately 398 hectares of productive forest. The Applicant intends to continue using the land for forestry purposes. Consent was granted as the national interest test was met. |
| More information | Catherine Reid, Barrister catherine@catherinereid.co.nz |