Glengarry Forest Limited Partnership
Case number(s)
Decision date
DecisionConsent granted
Section 12(1)(a) Overseas Investment Act 2005
Decision makerThe Minister for Land Information and the Associate Minister of Finance
Decision date12 February 2024
Pathway(s)Sensitive land – Benefit test
InvestmentAcquisition of a freehold interest in approximately 587.385 hectares of land comprised at 643 and 967 Glengarry Road Puketapu, Hawke's Bay
ConsiderationWithheld under section 9(2)(b)(ii) of the Official Information Act 1982
ApplicantGlengarry Forest Limited Partnership 
Hong Kong (SAR) 100%
VendorOxenham Family Trust 
New Zealand 100%

The Applicant is a newly established company that is ultimately owned by a Hong Kong family trust.

The Land is currently used for two beef farms and is a mixture of 6 (89%) and 7 (11%). The Applicant intends to convert the Land to be used nearly exclusively for forestry activities by planting approximately 290ha of radiata pine and 30ha of Redwood trees.

The main benefits to New Zealand include increased revenue and export receipts from the Land and reduced carbon emissions. The investment is also likely to result in various ecological benefits, advance significant government policies and increase public access.

Consent was granted as the Applicant met the investor test and because the Investment is likely to result in benefit to New Zealand.

More informationCatherine Reid, Barrister