DecisionConsent granted
Section 12(a) Overseas Investment Act 2005
Decision MakerOverseas Investment Office
Decision Date19 July 2019
InvestmentAn overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 710.9010 hectares of land at 867 Mahanga Road, Mahia, Wairoa (the Land)
Consideration$5,500,000
ApplicantTe Au Limited
Hugh Lane-Spollen, Singapore (100.0%)
VendorRough Family Trust
New Zealand (100%)
Background

The Applicant has applied for consent under the special forestry test relating to forestry activities set out in section 16A(4) of the Act.

The Land being acquired is known as Te Au Station and is currently used as a sheep and beef farm.

The Applicant will subdivide and sell off the dwelling that is not required for forestry activities, and plant approximately 460 hectares as a commercial forest. The remainder of the land includes existing indigenous forest or land unsuitable for planting. The commercial forest is due to be harvested in stages from around the year 2045 and replanted following harvest.

More informationChristina Lefever
Duncan Cotterill
PO Box 5
CHRISTCHURCH 8140