Overseas investment
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This OIA response provides the Overseas Investment Assessment Report relating to Ingka Investments’ application for consent to acquire the Huiarua Station and Matanui Station and the details of land area consented to in the period 7 September 2019 to 6 September 2022.

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.