| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 3 December 2025 |
| Pathway | Sensitive land – Special forestry (one-off purchase) |
| Investment | Acquisition of a freehold interest in approximately 136.34 hectares of land located at State Highway 63, Wairau Valley Marlborough (also known as Te Koko Forest). |
| Consideration | Withheld under s9(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 | Brothers Land Limited New Zealand 67% United Kingdom 33% |
| Background | The Applicants will acquire the land, and hold a forestry right over the land, respectively. 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 land is currently used for forestry purposes with a total productive area of approximately 131 hectares (of this 98.75 hectares is cut-over land which the Applicant will replant). The Applicant plans to continue using the land for production forestry with harvesting commencing in 2054. 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 1140 |