| Decision | Consent granted |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 10 September 2019 |
Pathway(s) | Sensitive land – special forestry test |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 373.4404 hectares of land at 2133 Wharekopae Road, Ngatapa, Gisborne. |
| Consideration | $3,500,000 |
| Applicant | DI (FH) Johannes Trauttmansdorff-Weinsberg Austria (100%) |
| Vendor | Roger Dickie Waihua Limited New Zealand (100%) |
| Background | The Applicant has applied for consent under the special test relating to forestry activities set out in section 16A(4) of the Act. The Land to be acquired is known as at Karaka Station and 341 hectares are currently being grazed by sheep and beef stock. The Applicant will subdivide and sell approximately 22.46 hectares which contains two dwellings that are not required for forestry activities. The Applicant will plant approximately 290 hectares as a commercial forest. The remainder of the land includes existing bush and scrub or land unsuitable for planting. The commercial forest is due to be harvested around the year 2046 and replanted following harvest. |
| More information | Catherine Reid Barrister catherine@catherinereid.co.nz |