| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 16 June 2026 |
| Pathway | Sensitive land - Production Forestry |
| Investment | Acquisition of approximately 893 hectares of land (known as Mangapapa Forest) located at 484 Mount Damper Road and 484 Mangapapa Road, Tangarakau, Stratford. |
| 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% |
| Vendor | New Street Capital 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 893 hectares of land with approximately 499 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 |