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Wairau Valley forestry block sale approved by OIO

New owners say it will create jobs and regional economic development.

Andrew Bevin Tue, 05 Feb 2019

The sale of over 2000ha of forest bordering the Wairau River to foreign buyers has been approved by the Overseas Investment Office.

The purchaser of the Manuka Island Estate, Nelson Forests, is owned by Australian forestry company OneFortyOne, which is predominantly American owned.

The vendor

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Andrew Bevin Tue, 05 Feb 2019
Contact the Writer: andrew@nbr.co.nz
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Wairau Valley forestry block sale approved by OIO
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