Drylandcarbon One Limited Partnership
Case number(s)
Decision date
Decision Consent approved 
Section 12(a) Overseas Investment Act 2005 
Decision Maker Overseas Investment Office
Decision Date 23 June 2022 
Pathway(s) Special forestry (One-off purchase) 
Investment Acquisition of approximately 947 hectares of sensitive land located at 270 & 855 Okahukura Saddle Road, Matiere, Taumaranui (the Land). 
Asset Value Withheld under section 9(2)(b)(ii) of the Official Information Act 1982. 
Applicant Drylandcarbon One Limited Partnership 
At the time of application in April 2022:
New Zealand 64.9%
Australia 11%
North America 8.9%
United Kingdom 7.1%
Various Regions 8.1%
Vendor Samuel Werder, Laura Jean Werder and Werder Family Trustee Company Limited as to a half share 
Laura Jean Werder, Samuel Werder and Downs Family Trustee Company Limited as to a half share 

New Zealand, 100% 

The Applicant has been granted consent to acquire the Land under the special test relating to forestry activities set out in section 16A(4) of the Act. 

The Applicant is an investment entity established for the purposes of developing a large and geographically diverse forestry portfolio. 

The Land is currently being used as a hill breeding farm for both sheep and cattle. The Applicant intends to convert the Land to forestry, establishing and maintaining plantation forest (predominantly Pinus Radiata) over parts of the Land assessed as being best suited to forestry. 

The Applicant has estimates new planting of approximately 577 hectares of the Land which is best suited to planting after allowing for infrastructure (3 ha), native plantings (163 ha), unplantable (11 ha), and various setbacks (80 ha). 

The Applicant proposes to subdivide and sell a total area of approximately 113 hectares including farm land and two dwellings. 

By way of background, the Land Use Class (LUC) details for the Land are LUC Class 3 (approx. 7 ha), LUC Class 4 (approx. 61 ha), LUC Class 6 (approx. 505 ha), LUC Class 7 (approx. 375 ha) and LUC Class 8 (approx. 1 ha).

More information Susie Kilty 
Buddle Findlay (Wellington)
PO Box 2694 
Wellington 6140