Port Blakely 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 date28 February 2024
Pathway(s)Sensitive land - Special forestry test (one-off)
InvestmentAcquisition of a freehold interest in approximately 484.70 hectares of land located at McIntosh Road, Kakahu, Timaru, Canterbury. 
ConsiderationWithheld under section 9(2)(b)(ii) of the Official Information Act 1982
ApplicantPort Blakely Limited
United States of America 100%
VendorGreat Southern Deer Farms Limited
New Zealand 100%

This transaction was entered into before 16 August 2022 and so the old special forestry test applies. For more information see:
Getting to the root of farm to forestry conversions

The Applicant is ultimately owned by the Eddy family of the U.S.A.  The Applicant has approximately 30 years’ experience investing in New Zealand production forestry.

The land is currently used by the Vendor to farm red deer breeding hinds. The land adjoins 4,513.7 hectares of the Applicant's existing forest, known as Geraldine Forest. 

The Applicant intends to establish and maintain a total of approximately 345 hectares of rotation forest by the end of 30 September 2026. The trees will be a mix of Pinus Radiata/Pinus Attenuata and Douglas Fir. These will be harvested after approximately 28 to 30 years for Pinus Radiata/Pinus Attenuata and 45-50 years for Douglas Fir. Replanting will occur after harvest. 

The remainder of the land will be unplanted, including native bush (95 hectares), buffer land, setbacks, riparian areas, roads and tracks.

The land is LUC Class 6. 

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

More informationCatherine Reid Barrister