| Decision |
Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Toitū Te Whenua LINZ |
| Decision Date | 17 January 2023 |
| 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 113.2890 hectares of land at Wairau Valley, Marlborough. |
| Asset Value | $882,000 |
| Applicant |
Ellis Campbell (NZ) Limited |
| Vendor |
Silva Aeldesta Limited |
| 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 being acquired is already a commercial forest known as the Silva Aeldesta Forest. The land use is 107.5 hectares of forestry, and 5.789 hectares is taken up by roads and tracks, skid sites, and unproductive land in scrub. The Applicant intends to continue to operate the land as a commercial forest, and replant the crop of trees following harvest. |
| More information |
Claire McKendry |