Kauri Forestry LP
Case number(s)
Decision date
DecisionConsent Granted
Section 12(1)(a) Overseas Investment Act 2005
Decision makerToitū Te Whenua Land Information New Zealand
Decision date12 April 2024
Pathway(s)Special forestry (One-off purchase)
InvestmentAcquisition of freehold and leasehold interests in approximately 5,304 hectares of land (Blue Mountains, Ngatimanawa, Oponae, Meremere forests) in Opotiki and Whakatane, Bay of Plenty.
ConsiderationBetween $20,000,000 - $30,000,000. Exact consideration withheld under s9(2)(b)(ii) of the Official Information Act.
ApplicantKauri Forestry LP
Switzerland 71%
Germany 29%
VendorMatariki Forests
United States of America 76%
United Kingdom 9%
Luxembourg 6%
Various 9%

The Applicant is a repeat forestry investor. It has acquired approximately 5,304 hectares of freehold and leasehold land currently used for forestry purposes. The total productive area of the property is approximately 2,766 hectares, exclusively planted in Pinus radiata.

The Applicant plans to continue using the land for production forestry.

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

More informationChristina Lefever
Lefever Law