| Decision | Consent granted Section 12(1)(a) of the Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 31 March 2026 |
| Pathway | Sensitive land – Production forestry |
| Investment | Acquisition of a freehold interest in approximately 438 hectares of land (known as Maungaturoto Forest) located at 726 Paparoa Station Road, Maungaturoto, Northland. |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Sustainable Forestry New Zealand Limited Germany 70% United States 10% United Kingdom 4% Various 16% |
| Vendors | Ingleton Properties Limited New Zealand 100% |
| Background | The Applicant is a newly formed New Zealand company which is part of a German insurance and financial services group known as HDI Haftpflichtverband der Deutschen Industrie V.a.G. It seeks to acquire approximately 438 hectares of land with approximately 383 hectares of productive forest. The Applicant intends to continue using the land for forestry purposes. Consent was granted as the national interest test was met. |
| More information | Catherine Reid, Barrister catherine@catherinereid.co.nz |