Corisol New Zealand Limited
Case number(s)
Decision date

Consent granted
Section 12(1)(a) Overseas Investment Act 2005 

Decision maker Toitū Te Whenua Land Information New Zealand
Decision date 18 August 2022
Pathway(s) Special forestry (One-off purchase)
Investment An overseas investment in sensitive land, being the Applicant’s acquisition of a freehold interest in approximately 715.88 hectares of land at 102 Lewis Road, View Hill, Oxford, Canterbury
Asset value Withheld under section 9(2)(b)(ii) of the Official Information Act 1982

Corisol New Zealand Limited
Switzerland (100%)


Allan William Feary, Angela Jane Feary, Wayne Morris Feary and Lynda Anne Feary
New Zealand (100%)


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

The land to be acquired is currently used predominantly as a sheep and beef farm. The Applicant intends to subdivide and sell approximately 177.5 hectares of land (including dwellings) and convert the majority of the remaining land (approximately 412.7 hectares) into a commercial plantation forest. The Applicant expects planting to begin during winter 2023. The Applicant will replant after harvesting the first crop of trees.

The remaining land will be made up of approximately 105.7 hectares of native bush and scrub, 10 hectares of infrastructure and 10 hectares of buffer land which will include riparian and boundary setbacks.

The investment is part of the Applicant’s broader forestry investment strategy with afforestation of a forestry estate with a high component of first rotation forestry over the next 10-15 years.

By way of background, the land that is the subject of this application is Land Use Capability (“LUC”) classifications: LUC 3 (340 hectares) and LUC 6 (374 hectares).

More information

Ranui Calman
Greenwood Roche (Christchurch)
PO Box 139
Christchurch 8140