This OIA response provides the OIO’s Assessment Report relating to Ingka Group’s application for consent under the Overseas Investment Act 2005 to acquire Huiarua Station and Matanui Station, Gisborne.
The Applicants, Ingka Investments Forest Assets NZ Limited and Ingka Investments Management NZ Limited, part of Ingka Group will acquire a freehold interest in (and hold a forestry right over) a total of approximately 6,113 hectares of land in the Gisborne region. The Applicants plan to establish and maintain approximately 4,907 ha of rotation forest during the 2023 to 2026 planting seasons.