| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 24 June 2025 |
| Pathway | Sensitive land - Special forestry test (one off) |
| Investment | Acquisition of a freehold interest in approximately 641.1 hectares of land located at 273 Cameron Road, Waipahi, Gore |
| Consideration | Withheld under s9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | ANZLAFF NZ Limited Germany 64% Australia 21% Sweden 10% Various 5% |
| Vendor | JEB Farming Limited New Zealand 100% |
| Background | The Applicant was established and is managed by New Forests Asset Management Pty Limited for the purposes of investing in plantation forestry and other investments in New Zealand and specific parts of Australia. The Applicant is owned by fourteen overseas institutional investor entities. Companies managed by New Forests Asset Management Pty Limited have previously made several forestry investments around New Zealand. The land to be acquired comprises approximately 641 hectares of freehold land. The total productive area of the land is approximately 548 hectares of majority pinus radiata and small amount of cupressus macrocarpa and eucalyptus. The Applicant plans to continue using the land for production forestry with harvesting planned for 2053. Consent was granted as the Applicant has met the investor test criterion and the special forestry test criteria. A national interest assessment was not required because the Applicant is exempt from the definition of non-New Zealand government investor. (Case 202500130: The Applicant is a wholly owned subsidiary of the Exemption Holder). |
| More information | Dan Williams Anderson Lloyd (Auckland) P O Box 399 Shortland Street Auckland 1140 |