Overseas investment assessment report: Ingka Investments Forest Assets NZ Limited and Ingka Investments Management NZ Limited

The OIA response provides the Overseas Investment Office’s Assessment Report relating to an application by Ingka Investments Forest Assets NZ Limited and Ingka Investments Management NZ Limited for consent under the Overseas Investment Act 2005

The Applicants have been recently incorporated to acquire the Land, and hold a forestry right over the Land, respectively. The Applicants are acquiring a freehold interest in approximately 5,499 hectares of land at 1577 Owaka Valley Road, Owaka Valley, Clutha, Otago, known as Wisp Hill Station. The Applicants plan to establish and maintain approximately 2,982 hectares of plantation forest (radiata pine) over 5 years.

Last Updated: 16 December 2021