| Decision | Consent granted Section 12(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 16 April 2021 |
| Pathway(s) | Forestry (Special forestry - One-off purchase) |
| Investment | An overseas investment in sensitive land, being the Applicant’s acquisition of a freehold interest in approximately 381.6 hectares of land at 746 Te Awa Road, Waipukurau, Hawke’s Bay. |
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Te Au (No 2) Limited Singapore (100%) |
| Vendor | Ngawa Farming Company 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 currently being grazed by sheep and beef stock. The Applicant intends to plant approximately 280 hectares of the land as a commercial forest. Approximately 20 hectares of the land containing a residential dwelling will be subdivided from the land and sold to a third party. The remaining land will be made up of approximately 40.8 hectares of native bush and scrub, 3.2 hectares of infrastructure and 37.6 hectares buffer land which will include riparian and boundary setbacks. The Applicant intends to harvest the crop of trees once matured and replant following harvest. By way of background, the land that is the subject of this application is Land Use Capability Classifications 6, which is generally suitable for pastoral or forestry uses. The land includes the beds of the Mangarouhi Stream and of an unnamed stream which have been offered to the Crown. |
| More information | Scott Whitaker Duncan Cotterill (Christchurch) PO Box 5 CHRISTCHURCH 8140 |