Section 12(a) Overseas Investment Act 2005
|Decision Maker||Overseas Investment Office|
|Decision Date||9 August 2019|
|Investment||An 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).|
|Applicant||Grandy Lake Forest (NZ) Limited|
Gemmingen-Hornberg family, Germany (100%)
|Vendor||Whaitirinui Farm Limited|
New Zealand (100%)
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 information||Jonathan Norman|
Sainsbury Logan and Williams
PO Box 41