In response to a viewer’s request, here is a summary of foreign purchases of forestry land.
Research by the Campaign Against Foreign Control of Aotearoa (CAFCA) shows a large number of previously owned New Zealand farms and land going to foreign forestry interests. Often the true foreign nature of the company is disguised. For example in February 2021 Kakapo Estate and Marberry Estate were given consent by the Overseas Investment Authority (OIO) to acquire 3,596 hectares in Nelson, Southland and Otago.
However both Kakapo Estate (a very “Kiwi” sounding name) and Marberry Estate are owned by ANZFF3 which is wholly owned by ANZFOF3 NZ Pty Ltd., which is ultimately owned by The Trust Company (Australia).
Other February 2021 consents were granted to:-
Kingheim Ltd (Austria 50%, Ireland 50%) to acquire 566 ha. at Waitomo, 516 ha at Pomarangai, Waikato and 394 ha at Huntly.
Dryland Carbon (59% NZ, 14% Australian and 14% US to acquire 1,319 ha at Kekerengu, Kaikoura.
Dryland Carbon also received the green light for 302 ha at Pirinoa, south Wairarapa as did KDL Group/Meraki to acquire 287 ha near Gisborne.
In March 2021 Kauri Forestry (Switzerland 93%, Germany 7%) received approval to for a “standing consent” to acquire forestry land, while Matariki (USA 63%, UK 16%, Luxembourg 9%) was granted “standing consent” to acquire more forests, and to purchase 401 ha of forests.
In the same month the OIO approved German Insurance Giant Munich (Germany 43%, USA 10%, UK 15%, France 7%, Switzerland 5%, Luxembourg 4%, Ireland 2%) to acquire several forests, the biggest being 637 ha at Waitane, Southland and 1037 ha at Taringatura, Southland.
Ellis Campbell (NZ) Ltd (UK 100%) has bought its fifth NZ forest, the latest being 227 ha in Marlborough.
A German couple were given consent to buy 572 ha at Eskdale, Hawkes Bay.
In April, 2021, Cerebus Privae Equty (Austria 100%) were given consent to acquire 555 ha at Kotemaori, Hawkes Bay.
Other OIO approvals were Chinese Paper Corporation for 160 ha at Kaipara Harbour, a Singaporean oil man for 381 ha near Waipukurau, Hawkes Bay, German aristocrats 1,178 ha being Glenbrook Station, Hawkes Bay, OTPP NZ Forest investments Ltd (Canada 100%) 2,013 ha at Opotiki, Bay of Plenty and Pine Plantations Private Ltd (Malaysia 100%) 457 ha in Southland.
These as listed above were forestry. Other foreign acquisitions involved a German engineer acquiring 254 ha at Tangoio, Hawkes Bay, an Australian wine group (100% Australian) has approval for land in Central Otago, an 80% USA owned company acquired Taranaki property for goat rearing and others including foreign takeovers of a media company and a natural pet food company.
Note how the companies are often registered in New Zealand with the words “NZ Ltd.,” intentionally or unintentionally, obscuring the foreign ownership, often of the order of 100%..
Footnote: Thanks to CAFCA. (www.cafca.org.nz)