| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 21 November 2025 |
| Pathway | Sensitive land – Farm land benefit test |
| Investment | Radiata Pine Breeding Company Limited - Acquisition of 23.0830 hectares located at 82 Limeloader Lane, Glasnevin, North Canterbury |
| Consideration | $1,200,000 |
| Applicant | Radiata Pine Breeding Company Limited Australia 33% New Zealand 27% Canada 15% United States of America 9% Virgin Islands, British 7% Japan 5% United Kingdom 2% Hong Kong (SAR) 1% Various 1% |
| Vendor | Alpine Produce New Zealand Limited New Zealand 100% |
| Background | The Applicant is a New Zealand registered not for profit company, based out of the University of Canterbury School of Forestry and ultimately owned by forestry industry stakeholders. The Applicant is buying land at 82 Limeloader Lane, Glasnevin, North Canterbury. The land is currently used for growing grazing fodder crops. The Applicant will use the land as a tree breeding orchard for forestry tree research activities. The main benefits to New Zealand are likely to include economic benefits to the New Zealand forestry industry arising from research and development. Consent was granted as the Applicant has met the investor test criterion and the investment is likely to benefit New Zealand. |
| More information | Ranui Calman Greenwood Roche (Christchurch) PO Box 139 Christchurch 8140 |