DecisionConsent granted
Section 12(a) Overseas Investment Act 2005
Decision MakerOverseas Investment Office
Decision Date25 July 2019
InvestmentAn overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 71 hectares of land (Hakahaka forest), Tumbledown Bay Road, Port Underwood, Marlborough.
ConsiderationWithheld under s(9)(2)(b)(ii) of the Official Information Act 
ApplicantNew Zealand Forest Industries Limited
United Kingdom (100%)
VendorMarlborough Country Limited
New Zealand (52.1%)
Various overseas persons (47.9%)

Issoria Offshore Limited has been granted consent to acquire the parent company of the Applicant under consent 201900014. The Applicant has been granted consent under the special test relating to forestry activities set out in section 16A(4) of the Act, to acquire Hakahaka forest (Land), a small forestry block adjacent to Underwood forest.

The Applicant intends to continue to use the Land as it currently is and to extend the existing pine tree forest from 56% to 70-77% of the Land.  Where commercial forest is unable to be planted, the Applicant may plant Manuka trees over a minor portion of the Land. There are otherwise no other features relevant to the special forestry test. 

More informationCatherine Reid