Corisol New Zealand Limited
Case number(s)
Decision date
Decision Consent Approved
Section 12(a) Overseas Investment Act 2005
Decision Maker Toitū Te Whenua LINZ
Decision Date 01 July 2022
Pathway(s) Special forestry (One-off purchase)
Investment Acquisition of a freehold interest in 421.5712 ha at 1043 Breakneck Road, Tuapeka, Clutha District
Consideration Withheld under s9(2)(b)(ii) of the Official Information Act 1982
Applicant Corisol New Zealand Limited
Switzerland (100%)
Vendor Nathan James Joyce & Julie Louise Joyce
New Zealand (100%)

The Applicant applied for consent under the special test relating to forestry activities set out in section 16A(4) of the Act.

The Land is used primarily as a beef and sheep farm. The Applicant intends to convert the Land to forestry, establishing and maintaining approximately 310 hectares of forest of Pinus radiata. 

The forestry investment will be managed by the Applicant, through its directors and management team.

The Land contains 73 hectares of unprotected native bush, that the Applicant intends and is required to retain. The remaining land will comprise of infrastructure, native plantings, various setbacks and 31 hectares to be subdivided and sold.

The Land is a combination of LUC Class 3 (approx. 11 hectares), LUC Class 4 (approx. 169 hectares) and LUC Class 6 (approx. 242 hectares).

More information Ranui Calman 
Greenwood Roche (Christchurch)
P O Box 139
Christchurch 8140