| Decision | Consent granted Section 12(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 18 June 2026 |
| Pathway | Sensitive land – Production forestry |
| Investment | Acquisition of a freehold interest in approximately 350.8852 hectares of land located at Dipton Flat Road, Taringatura |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Ingka Investments Forest Assets NZ Limited and Ingka Investment Managements NZ Limited Netherlands 100% |
| Vendors | Benmore Two Limited and Benmore Two Forest Partnership New Zealand 100% |
| Background | 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 Applicants will acquire the land, and hold a forestry right over the land, respectively. They seek to acquire approximately 350.9 hectares of land with approximately 296 hectares of productive forest. The Applicants intend to continue using the land for forestry purposes. Consent was granted as the national interest test was met. |
| More information | Pavanie Edirisuriya DLA Piper New Zealand PO Box 160 Auckland 1140 |