Drylandcarbon One Limited Partnership
Case number(s)
Decision date
Decision Consent approved
12(a) Overseas Investment Act 2005
Decision Maker Overseas Investment Office
Decision Date 21 June 2022
Pathway(s) Special forestry (One-off purchase)
Investment Acquisition of approximately 104 hectares of freehold interest in land located at part of 127 Campbell Road, Peria, Far North District (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 Sutton Land Holdings Limited 
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 a limited partnership established as an investment entity for the purposes of developing a large and geographically diverse forestry portfolio.  

The Land does not include farm land because it comprises a forest that was planted in winter 2021. 

The Land currently includes 58 hectares of pinus radiata at a density of 1,000 stems per hectares, 35 hectares of unplantable land (ridges, gullies, and steep land), and 11 hectares of buffer land, set-backs, and riparian planting. 

More information Susie Kilty 
Buddle Findlay (Wellington) 
PO Box 2964 
Wellington 6140