| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 18 September 2025 |
| Pathway | Special forestry (one off) |
| Investment | A freehold interest in approximately 219 hectares of land located at 700 Burma Road, Maraetotara, Whakatane. |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicants | Ingka Investments Forest Assets NZ Limited and Ingka Investments Management NZ Limited Netherlands 100% |
| Vendor | Rawhiti Forest Farm Limited New Zealand 100% |
| Background | The Applicants are owned by Ingka Investments B.V., the investment arm of Ingka Group, which is the largest franchisee of IKEA stores internationally. The Applicants will acquire the land, and hold a forestry right over the land, respectively. The land is currently used for forestry purposes with the total productive being approximately 83 hectares of pinus radiata and mixed exotics. The remaining land comprises native vegetation, which has no productive use, and unplantable areas. The Applicant plans to continue using the land for production forestry with harvesting commencing in 2026. Consent was granted as the Applicant met the investor test criterion and the special forestry test criteria. |
| More information | Pavanie Edirisuriya DLA Piper New Zealand PO Box 160 Auckland |