| Decision | Consent Granted Section 12(1)(a) Overseas Investment Act |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 18 December 2023 |
| Pathway(s) | Special forestry (One-off purchase) |
| Investment | Acquisition of Middle Mount Forest (802.957 ha) in Otago; and Opio Forest (669.7289 ha) in Southland for forestry activities |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Ponga Silva Limited Germany (45%) United Kingdom (14%) France (7%) United States of America (19%) Various (15%) |
| Vendor | Middle Mount Forests Limited Switzerland (100%) |
| Background | The Applicant is a New Zealand incorporated company that is a repeat forestry investor having been granted consent in several previous applications under the special forestry test. The land being acquired is currently used for forestry purposes. The total productive area of the land is approximately 1250 ha. The Middle Mount Forest is planted exclusively in Pinus radiata. The Opio Forest is predominantly planted in Pinus radiata with some Pseudotsuga menziesii. The Applicant plans to continue using the land for forestry. Consent was granted as the Applicant has met the investor test criterion and the special forestry test criteria. |
| More information | Sarah Blackmore Level 30, Vero Centre 48 Shortland Street Auckland 1010 |