Further delay to sale of Whanganui District Council-owned forestry

By Zaryd Wilson
New Zealand Herald
October 30, 2017
Category: Forestry
Region: International

The pending sale of Whanganui District Council forestry to a foreign buyer has been delayed again and an outcome will not be known until next year. The sale of the district’s forests – McNabs, Te Ara To Waka, Sicilies and Tauwhare – is awaiting approval from the Overseas Investment Office (OIO). …The identity of the buyer remains confidential until the sale is finalised – as does the purchase price – but is believed to be part of a Japanese-based forestry investor.

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