DecisionConsent granted
Section 12(a) Overseas Investment Act 2005
Decision MakerOverseas Investment Office
Decision Date9 August 2019
InvestmentAn overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in 736.2195 hectares of land at 450 Mohaka Coach Road, Kotemaori, Wairoa (the Land).
Consideration$6,700,000
ApplicantGrandy Lake Forest (NZ) Limited
Gemmingen-Hornberg family, Germany (100%)
VendorWhaitirinui Farm Limited
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 Applicant is a company that has been investing in forestry in New Zealand for 18 years.  The Applicant owns a forestry block that adjoins the Land and is acquiring the Land to develop it into a commercial forest.

The Applicant intends to develop approximately 496 hectares of the Land into a commercial forest.  There is also an existing pre-1990 forest area of approximately 48 hectares of mixed poplar/willow stands that will be retained and/or replanted in alternative species tree crops.

The Applicant does not intend to clear the existing areas of pioneer indigenous forest and indigenous vegetation.

More informationJonathan Norman
Sainsbury Logan and Williams
PO Box 41
NAPIER