Ingka Investments Forest Assets NZ Limited and Ingka Investments Management NZ Limited
Case number(s)
Decision date

Section 12(a) Overseas Investment Act 2005 

Decision maker Toitū Te Whenua Land Information New Zealand
Decision date 17 August 2022
Pathway(s) Special forestry (One-off purchase)

Acquisition of 1038.1477 ha at 465 Tourere Road, Flemington, Central Hawke’s Bay (Te Maire Farm)

Consideration Withheld under section 9(2)(b)(ii) of the Official Information Act 1982

Ingka Investments Forest Assets NZ Limited and Ingka Investments Management NZ Limited
Netherlands (100%)


Penelope Anne Robinson, Samuel Amuri Robinson and Francis Anthony Von Dadelszen (trustees of S.A. Robinson Family Trust)
New Zealand (100%)


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

The Applicants are two New Zealand incorporated companies who will acquire the Land, and hold a forestry right over the Land, respectively. The Applicants are owned by Ingka Investments B.V., the investment arm of Ingka Group, which is the largest franchisee of IKEA stores internationally. 

The Land, currently known as “Te Maire Farm”, is currently in use as a sheep and beef farm, also with 63.4 hectares of existing forest. 

The Applicants plan to establish and maintain a total of approximately 567.6 hectares of rotation forest over the 2023 and 2024 planting seasons. The trees will be harvested after approximately 27 to 30 years, and replanting will occur following harvest. 

The Applicants intend to subdivide and sell the part of the Land containing the residential dwelling and approximately 280 hectares of land suitable for farming.

The remainder of the Land will be unplanted, including native bush (147.6 hectares), buffer land, setbacks, riparian areas, roads and tracks. 

The Land is a combination of:

  • LUC Class 3 (11 hectares)
  • LUC Class 4 (14 hectares)
  • LUC Class 5 (100 hectares)
  • LUC Class 6 (594 hectares)
  • LUC Class 7 (315 hectares). 
More information

Pavanie Edirisuriya
DLA Piper New Zealand
Level 15, PwC Tower 15 Customs Street West
Auckland 1010
New Zealand