| Decision | Consent granted Section 12(1)(b) and Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 17 February 2026 |
| Pathways | Sensitive land – Special forestry test (one off) and significant business assets |
| Investment | Acquisition of a further 38% of the shares in Taieri Forests Limited, including all of the associated interests of the Vendors under the shareholder loans provided to Taieri Forests Limited. |
| Consideration | Withheld under sections 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Stichting Pensioenfonds ABP Netherlands 100% |
| Vendors | ANZFF2 NZ Limited and The Trust Company Limited in its capacity as trustee of ANZFIF2 NZ ANZFF2 NZ Limited is ultimately owned by The Trust Company (Australia) Limited as trustee for New Forests Australia New Zealand Forest Operating Fund 2. The fund forms a stapled entity with New Forests Australia New Zealand Forest Investment Fund 2, called Australia New Zealand Forest Fund 2, which is owned by certain overseas investment funds. |
| Background | The Applicant is a Dutch pension fund that already owns a 34.31% shareholding in Taieri Forests Limited. Taieri Forests Limited is the sole shareholder in Wenita Forest Products Limited which holds freehold and forestry right interests over approximately 29,000 hectares in the Otago Region. The Applicant intends to continue using the Land for forestry purposes. Consent was granted as the Applicant met the investor test criterion and the special forestry test criteria. |
| More information | David Raudkivi Russell McVeagh (Auckland) PO Box 8 Auckland 1140 |