Applicant
Partnership between Angus Wielkopolski and Kathleen Wielkopolska
Case number(s)
201710139
Decision date
Type
Decision
Decision

Consent granted
Section 12(a) Overseas Investment Act 2005

Decision MakerThe Minister for Land Information and the Associate Minister of Finance
Decision Date23 May 2018
InvestmentAn overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 103.8710 hectares of land at 266 Manawaru Road, near Te Aroha.
Consideration$16,000,000
Applicant

Partnership between Angus Wielkopolski and Kathleen Wielkopolska
United Kingdom (100%)

Vendor

Corganix Limited as trustee of the Corganix Trust
New Zealand (100%)

Background

The Applicant is a new investor to New Zealand, bringing with them over 30 years experience in the UK commercial dairy goat industry. The Applicant is acquiring a dairy goat farm, which it intends to continue operating with enhancements.

The enhancement to the current goat dairy business on the land will be achieved by introducing the Yorkshire Dairy Goat breed into New Zealand. The Yorkshire Dairy Goat has been genetically developed by the Applicant. The unique characteristics of this new breed of goat will help to develop a more efficient method of dairy goat farming in New Zealand. The Applicant also intends to establish a goat genetics programme in New Zealand, part of this will be to export Yorkshire Dairy Goat genetics to the overseas market.

The benefits to New Zealand include:

  • introduction of new technology, by introducing a new goat breed into New Zealand;
  • increased export receipts, achieved through exporting goats and goats genetics as well as increased goat milk supply for processing into infant milk formula;
  • increased jobs;
  • some oversight and participation by New Zealanders; and
  • increased processing and efficiency, as a result of the unique characteristics of the Yorkshire goat.
More information

Martin Thomson
DLA Piper
PO Box 160
AUCKLAND