| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 28 April 2026 |
| Pathway | Sensitive land - Special forestry test (one off) |
| Investment | Acquisition of a forestry right comprising approximately 4,419.5 hectares, at Ngaumu Forest, 160 Homewood Road, RD 12, Masterton, Wellington, 4756 Masterton-Castlepoint Rd, Masterton, Wellington and 2070 Castle Hill Road, RD 3, Masterton, Wellington |
| Consideration | $375,000 |
| Applicant | Juken New Zealand Limited Japan 78% Hong Kong 22% |
| Vendor | RTMR Custodian Trustee Limited New Zealand 100% |
| Background | The Applicant is majority owned by WoodOne Co., Ltd, a Japanese based company listed on the Tokyo Stock Exchange that manages sustainable forests to produce and sell solid wood building materials. The Applicant is acquiring a forestry right over approximately 4,419 hectares of land near Masterton. The land is currently used for forestry purposes by the Applicant under an existing Crown forestry licence, with a total productive area of approximately 4,419 hectares. The Applicant is acquiring the new forestry right to replace its existing Crown forestry licence and will continue to use the land for production forestry. Consent was granted as the Applicant has met the investor test criterion and the special forestry test criteria |
| More information | Sean McBride Hesketh Henry Private Bag 92093 Auckland |