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 approximately 4,273 hectares of land at 134 Lagoon Hill Road, Tuturumuri, South Wairarapa.
ConsiderationWithheld under s9(2)(b)(ii) of the Official Information Act
ApplicantKauri Forestry LP
Switzerland (93%)
Germany, (7%)
VendorStonehaven Trustee Limited as trustee of the Stonehaven Trust
New Zealand (100%)
Background

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

The land to be acquired is currently in use as a dry stock farming operation, as well as 1,341 hectares of existing forest. 

The Applicant will investigate a subdivision and sale of approximately 594 hectares of farm land, including all or most of the six dwellings on the land.  It will plant and maintain a commercial forest predominately of radiata pine on approximately 2,646 hectares of the remaining land (including the existing forest).

The majority of the new forest will be planted in the winter planting seasons of 2020 and 2021, although some planting may occur in 2019.  The expected rotation time for trees is between 25 to 30 years. 

More informationChristina Lefever
Duncan Cotterill 
PO Box 5
CHRISTCHURCH 8140