| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 6 October 2025 |
| Pathway | Sensitive land - Special forestry test (one off) |
| Investment | Acquisition of freehold interests in approximately 444 hectares of land located at Tuapeka West Road, Clutha, Otago |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Takahe Estate Limited Germany 64% Australia 21% Sweden 10% Various 5% |
| Vendor | Cockleshell Road Forest Limited New Zealand 100% |
| Background | The Applicant is managed by New Forests Asset Management Pty Limited for the purpose of investing in plantation forestry. The beneficial owners are 14 overseas institutional investor entities. Companies managed by New Forests Asset Management Pty Limited have made several forestry investments in New Zealand. The land to be acquired comprises approximately 444 hectares of freehold land with a total productive area of 380 hectares, almost all of which is pinus radiata. The Applicant plans to continue using the land for production forestry with harvesting planned for 2051. 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 |