Consent GrantedSection 12(a) Overseas Investment Act 2005
|Decision Date||2 August 2017|
|Investment||An overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 83.1114 hectares of land at 158 Kowhatu Road, RD7, Waimate.|
Port Blakely Limited as trustee of the South Blakely Trust
Peter Wilson McRae
The Applicant is an existing forestry owner in New Zealand.
The land is currently predominantly populated with weeds and wilding pine with the balance of the land used for sheep and deer grazing. The Applicant will plant a commercial forest on the land and operate it in conjunction with its commercial forest on the neighbouring land.
The benefits to New Zealand include: