Applicant
Greenheart Mangakahia Forest Land Limited
Case number(s)
202200219
Decision date
Type
Decision
Decision

Consent granted
Section 12(a) Overseas Investment Act 2005 

Decision maker Overseas Investment Office
Decision date 12 August 2022
Pathway(s) Special forestry (One-off purchase)
Investment Acquisition of approximately 137 ha of freehold interest in land located at Opouteke Road, Pakotai, Whangarei (the Land).
Consideration Withheld under section 9(2)(b)(ii) of the Official Information Act 1982.
Applicant

Greenheart Mangakahia Forest Land Limited
Hong Kong 100% 

Vendor

RW & BJ Alison Limited
New Zealand 100%

Background

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

The Applicant is a New Zealand incorporated company established in 2009 whose activities involve forestry management, silviculture, harvesting and sale of logs. 

The Land currently has breeding cows being grazed. The Applicant intends to convert the Land to forestry, establishing and maintaining plantation forest (predominantly Pinus Radiata).  

The Applicant has estimated new planting of approximately 70 hectares after allowing for unplantable areas of approximately 66 hectares.  

By way of background, the Land Use Class (LUC) details for the Land are:

  • LUC Class 4 (approx. 8 ha)
  • LUC Class 6 (approx. 83 ha)
  • LUC Class 7 (approx. 47 ha).  
More information

Catherine Reid
Barrister
catherine@catherinereid.co.nz