OIO consents: Singapore forest investor approved
Wednesday 17 Feb 2021LINZ Case 202000470 details: Te Au (No 2) Limited for acquisition of approximately 317 hectares of land at 57 Tangoio Road, Hawkes Bay.
The Applicant was granted consent under the special test relating to forestry activities set out in section 16A (4) of the Act to acquire the Land. The Land to be acquired is currently used as a sheep and beef farm.
The Applicant plans to subdivide and sell off the dwelling that is not required for forestry activities. The Applicant will convert most of the Land to forestry by establishing and maintaining a plantation forest over approximately 245 hectares (predominantly radiata pine, but also some eucalyptus and redwood).
The remainder of the Land will be unplanted land associated with forestry areas, including roads and tracks (7 hectares) and native bush to be retained (11 hectares). Planting will commence on the Land from the 2021 winter planting season and the radiata pine will be harvested in 25 to 30 years.
Copyright 2004-2021 © Innovatek Ltd. All rights reserved.