Port Blakely Limited
Case number(s)
Decision date

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

Decision maker The Minister for Land Information and the Associate Minister of Finance
Decision date 1 May 2023
Pathway(s) Special forestry (One-off purchase)
This transaction was entered into before 16 August 2022 and so the old special forestry test applies. See here for more information: Getting to the root of farm to forestry conversions
Investment An overseas investment in sensitive land, being the Applicant’s acquisition of a freehold interest in approximately 432.8694 ha located at 433 Kowhatu Road, Waihaorunga, Waimate (Land).
Consideration Withheld under section 9(2)(b)(ii) of the Official Information Act 1982.

Port Blakely Limited
(United States of America 100%)

Vendor S & A Farms
(New Zealand 100%)

The Applicant is ultimately owned by the Eddy Family of the U.S.A, through the Port Blakely Company. The Land is predominantly run as a sheep and beef farm, and contains 79.6 hectares of existing forestry.

The Land adjoins 1785 hectares of the Applicant's existing forest known as Waimate Forest.

The Applicants intends to establish and maintain a total of approximately
312.6 hectares of rotation forest by the end of winter 2024. The trees will be harvested after approximately 28 to 30 years, and replanting will occur within 2 years following harvest.

The Applicants intend to subdivide and sell 13.7 hectares of the Land containing a residential dwelling and curtilage.

The remainder of the Land will be unplanted, including native bush (21.5) hectares), buffer land, setbacks, riparian areas, roads and tracks.

The Land is a combination of LUC Class 3 (7.8 hectares), LUC Class 4 (333.2 hectares) and LUC Class 6 (93.8 hectares).

Consent was granted as the Applicant has met the investor test criterion and the special forestry test criteria. 

More information

Catherine Reid