| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 29 September 2026 |
| Pathway | Sensitive land – Production forestry |
| Investment | Acquisition of a freehold interest in 320.2043 hectares of land located at 110 Mangaehu Road, Puniwhakau, Stratford, Taranaki (known as ‘Makahu Forest’) |
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | RDNZ Emerald Timberland Trustee Limited as trustee for Emerald Timberland Impact Fund Germany 52% Israel 37% South Korea 7% Myanmar 4% |
| Vendor | SUN&L New Zealand Limited South Korea 100% |
| Background | Emerald Timberland Impact Fund is an Active Investor Plus approved investment vehicle established in July 2026. This will be its first investment in New Zealand. The Fund is managed by a New Zealand forestry owner and manager. The Applicant is acquiring approximately 320 hectares of land comprising approximately 265 hectares of pinus radiata established in 2024. 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 |