PHOTO: SUPPLIEDInternational buyers continue to snap up New Zealand land for forestry. The consents reflected total consented area of 73,200 hectares, of which one deal - the sale of 17 properties under Hikurangi Forest Farms to New Forests - accounted for 41,300ha. A total of 58,900ha was existing forestry land, with around 14,300ha involving farm-to-forestry investment, the OIO said. There were nine forestry-related consents in September, including the acquisition of a combined 1663ha at Hillfort Forest in Wyndham and Wether Hills Forest in Lumsden. Minister of Land Information Eugenie Sage and the Associate Minister of Finance also approved the first pre-approval under a special forestry test last month - granted to Japanese-controlled Pan Pac Forest Products.

Source: Otago Daily Times November 01, 2019 15:22 UTC