New Forests Acquires Otiwhiti Farm Forest

Friday 15 Mar 2024

In a strategic move that underscores the appeal of New Zealand's forestry sector, New Forests-managed Australian New Zealand Forest Fund 3 (ANZFF3) has completed the acquisition of Otiwhiti Farm Forest in the Rangitikei District. This acquisition not only represents the final investment of the A$866m ANZFF3 fund but also showcases a unique partnership with the local Otiwhiti Land Based Training School, aiming to foster educational advancements alongside forestry development.

The Otiwhiti Farm Forest covers 1,246 hectares in the scenic Turakina Valley near Hunterville. Dan Bridgman, a leading figure at New Forests , emphasised the positive outlook for New Zealand as an investment destination, particularly for its future contributions to the forestry and wood processing industry.

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Source: BNN

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