| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 13 June 2025 |
| Pathway | Sensitive land - Special forestry test (one off) |
| Investment | Acquisition of freehold interests in approximately 3,182.03 hectares of land located in Otago and Southland. |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | ANZLAFF NZ Limited Germany 64% Australia 21% Sweden 10% Various 5% |
| Vendors | NZP Forestry Limited Partnership All In Forestry Limited Harbour View Forest Limited Partnership Katea Limited Partnership Longview Farm (Otago) Limited NZ Timber No.1 Limited Partnership Treebilly Holdings Limited New Zealand 100% |
| Background | The Applicant was established by 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 in New Zealand. The land to be acquired comprises approximately 3,200 hectares of freehold land consisting of 9 forestry estates. The total productive area of the property is approximately 2,651 hectares of mostly pinus radiata and a small amount of Douglas fir. The Applicant plans to continue using the land for production forestry with harvesting planned for 2053. The land was marketed together in a joint sale commissioned by the vendors who share some common investors and engage the same forest manager. 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 |