| Decision |
Consent granted |
|---|---|
| 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 |
| Applicant |
Corisol New Zealand Limited |
| Vendor |
Allan William Feary, Angela Jane Feary, Wayne Morris Feary and Lynda Anne Feary |
| Background |
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 |