| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 1 May 2025 |
| Pathway | Sensitive land - Special forestry (one off) |
| Investment | Acquisition of a freehold interest in approximately 321 hectares of land near Dargaville. |
| Consideration | $5,120,000 |
| Applicant | SCOOF Poumahaka Investments Limited United Kingdom 96% Bermuda 4% |
| Vendor | Stormcoast Limited New Zealand 100% |
| Background | The Applicant is an investment vehicle for the Stafford Carbon Offset Opportunity Fund (SCOOF). The Applicant is a repeat investor under the special forestry test. The land to be acquired comprises approximately 321 hectares of freehold land, currently used for forestry purposes. The total productive area of the land is approximately 263 hectares, predominantly 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 information | Martin Thomson DLA Piper New Zealand PO Box 160 Shortland Street Auckland 1140 |
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