Ponga Silva 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 19 September 2023
Pathway(s) Special forestry (One-off purchase)
National interest assessment
Investment Acquisition of a freehold interest in 557.5486 hectares of land located at 185
Pauariki Road, Tokomaru Bay (Mangarakai Forest or the Land).
Consideration Withheld under section 9(2)(b)(ii) of the Official Information Act 1982

Ponga Silva Limited
Germany (49.20%)
United Kingdom (17.80%)
United States of America (7.60%)
Ireland (6.80%)
Luxembourg (6.30%)
Switzerland (4.70%)
France (3.40%)
Various (4.20%)

Vendor Kiwi Forests Limited
New Zealand (100%)

The Applicant is a New Zealand incorporated company and a wholly-owned subsidiary of Silvanus Vermögensverwaltungsgesellschaft mbH (Silvanus), a company incorporated in Germany.

The Vendor has already harvested the Land and replanted with approximately 400 hectares of radiata pine. The Applicant plans to continue production forestry by planting the balance of the Land, and harvesting after 25+ years.

Approximately 88 hectares of the Land is unplantable, comprised of native bush (12 ha), roads and tracks (6 ha) and buffer land (70 ha).

Consent was granted as the Applicant has met the investor test criterion and the special forestry test criteria. The Minister of Finance has decided that the investment is not contrary to New Zealand’s national interest.

More information

Sarah Blackmore
Russell McVeagh (Auckland)
PO Box 8
Auckland 1140