| Decision | Consent approved Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 21 December 2020 |
| Pathway | Forestry (Special forestry - One-off purchase) |
| Investment | An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately:
|
| Consideration | $739,380 |
| Applicant | Ellis Campbell (NZ) Limited United Kingdom (100.00%) |
| Vendors | ACO Custodians Drumlanrig Forest Holdings No. 1 Limited |
| 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 Applicant is a subsidiary of a family-owned UK company. It has previously invested in New Zealand, and has had forestry investments here for over 29 years. The land is currently being used for commercial forestry. Approximately 56.3 hectares is existing pinus radiata forest, and 3.174 hectares is unplantable. The land will continue to be used for forestry activities and replanted after harvest. |
| More information | Paul Gibson Gascoigne Wicks PO Box 2 BLENHEIM |