| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 15 September 2026 |
| Pathway | Sensitive land – Production forestry |
| Investment | Acquisition of a freehold interest in approximately 848.6496 hectares of land located at 683 Howard Valley Road, Howard, Saint Arnaud. |
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act 1982. |
| Applicants | Ingka Investments Forest Assets NZ Limited and Ingka Investment Management NZ Limited Netherlands 100% |
| Vendor | Tasman District Council New Zealand 100% |
| Background | The Applicants are owned by Ingka Investments B.V., the investment arm of Ingka Group, which is the largest franchisee of IKEA stores internationally. The Applicants will acquire the land, and hold a forestry right over the land, respectively. They are acquiring approximately 848.6 hectares of land with approximately 483 hectares of productive forest of varying age classes. The land is predominantly planted with pinus radiata with approximately 78 hectares planted in Douglas fir. The Applicants intend to continue using the land for forestry purposes. Consent was granted as the national interest test was met. |
| More information | Martin Thomson DLA Piper New Zealand |