Forestry welcomes new Minister
Gisborne’s 2,008 hectare Te Rata Forest has been bought by an offshore investor in a collaborative transaction concluded by Colliers International’s specialist forestry teams.
The freehold property is predominantly planted with mature Radiata pine and located 80km north of Gisborne with good access to foreign markets via Eastland Port. It has a net stocked area of 1,039ha on relatively steep hill country, requiring a mix of ground- and hauler-based extraction methods at harvest.
Nils von Schmidt, Co-Head of Land and Forestry at Colliers Germany, says New Zealand’s sustainability credentials were important in securing the deal.
“Our client was interested in a number of factors including sustainable, profitable and climate change-resistant timber production as well as compliance with the social and ecological criteria of the United Nations’ sustainability targets,” he says .
“New Zealand has been pursuing an effective CO2 trading scheme since 2008, in which forestry plays a key role.”
Warwick Searle, Forestry Director at Colliers New Zealand, says the transaction highlights the benefits of having a truly global reach