| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 01 April 2026 |
| Pathway | Sensitive land - Farm land benefit test |
| Investment | Acquisition of freehold interest in approximately 288.1 hectares of land located at 69 Titirangi Road, Kenepuru Sound, Marlborough. |
| Consideration | $4,245,000 |
| Applicant | Sjerp William Ysselstein as trustee for The Marlborough Family Estate Trust United States of America 100% |
| Vendors | RW Hopkinson and EJ Hopkinson-Young Partnership New Zealand 100% |
| Background | The Applicant has an extensive background in dairy and beef farming in North America. The Land is currently a sheep and cattle breeding and finishing farm. The Applicant intends to convert the Land into an intensive feedlot farming system utilising barn systems for feeding and housing cattle. The key benefits that will likely result from this investment are economic benefits in the form of increased production and export receipts, creation of employment and additional capital expenditure. Consent was granted as the Applicant has met the investor test criterion and the investment is likely to benefit New Zealand. |
| More information | Catherine Reid, Barrister catherine@catherinereid.co.nz |