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%
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