Kakapo Estate Limited
Case number(s)
Decision date
DecisionConsent granted
Section 12(1)(a) Overseas Investment Act 2005
Decision makerToitū Te Whenua Land Information New Zealand
Decision date23 May 2023
Pathway(s)Special forestry (One-off purchase)
InvestmentAcquisition of freehold interest in approximately 87.5093 hectares of land at 215 Hadlow Road, Timaru (Leckie Forest).
ApplicantKakapo Estate Limited
(ANZFF3 Limited 100%)

ANZFF3 Limited which is wholly owned by ANZFOF3 NZ Pty Limited which is ultimately owned by The Trust Company (Australia) Limited as trustee for the New Forests Australia New Zealand Forest Operating Fund 3 which is wholly owned by certain overseas investment funds. The New Forests Australia New Zealand Forest Operating Fund 3 is managed by New Forests Asset Management Pty Limited.
VendorBruce Raymond Leckie and Glenda Marion Leckie
(New Zealand 100%)

The Applicant is a holding company for forestry assets and its manager is an experienced forestry investment management firm. The land is currently used as approximately 79.1 hectares of forestry (consisting of 36.4 hectares of existing plantation and 42.7 hectares of fallow land awaiting replanting), and 8.4 hectares of unplanted land (native bush, unplantable ridges, gullies and steep land, and roads and tracks). 

The Applicant intends to continue to operate the land as commercial forest and replant the crop of trees following harvest. 

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

More informationDaniel Williams
Anderson Lloyd 
P O Box 399, Shortland Street
Auckland 1140
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