Fifth station bought in Waikura Valley

The Waikura Valley lies in the north-west of the cape.

MONTE Capital Limited’s purchase of Te Kumi Station in the Waikura Valley is one of the three largest approvals in net freehold land by the Overseas Investment Office in 2017. Consent for the purchase of the farm at $7 million for 1,583 hectares on Te Kumi Road, Waikura was granted at the end of June.

Monte Captial Limited is owned by Christian Welte. Mr Welte has a background in bio-engineering, and he won a major Swiss environmental award in 2008 for a biomass energy plant he helped develop in Germany.

According to the Overseas Investment Office, he wanted to develop long-term investments in natural resources outside Europe.

In relation to the Te Kumi Station purchase, the Overseas Investment Office decision said the overseas investment is likely to lead to improved walking access along the three waterways that border Te Kumi Station, environmental protection measures including some predator control, and more capital for development.

Monte Capital Ltd also intends to create a small number of jobs and introduce deer farming on the land, which is likely to result in some additional processing in New Zealand as well as exports.

Monte Capital has existing investments in New Zealand in sheep and beef farming and forestry, including investments in land adjoining Te Kumi Station.

Registered in Gisborne

Monte Capital Ltd was registered in Gisborne on May 28, 2010.

In May 2014 Monte Capital bought Waitangirua Forest, 533 hectares located at Kokomuka Road, Lottin Point, East Cape for $2.1 million.

In June 2012, a division of Monte Capital, Monte Forestry Limited, was approved to buy the 1,210 hectare Mohau Station Waikura Valley for $3,620,000.

Monte Forestry’s first purchase in the Waikura valley was in November 2011 when the Overseas Investment Office approved sale of three East Coast stations for $21.25 million. Waikura and Pakira stations, totalling 5,022ha of freehold and 1,480ha of leasehold and licensed land, were sold for $16.25m by the Ingleby Trust to Monte Forestry Ltd.

The company bought nearby Rewhetu Station (1,926ha), also in the Waikura Valley, for $5m.

The business wanted to combine the three adjoining farms into a single forestry and sheep/beef farming operation.

New areas of forestry have been planted on erosion-prone and steep land to meet East Coast Forestry Project and the Council’s Overlay 3A erosion control aims.

MONTE Capital Limited’s purchase of Te Kumi Station in the Waikura Valley is one of the three largest approvals in net freehold land by the Overseas Investment Office in 2017. Consent for the purchase of the farm at $7 million for 1,583 hectares on Te Kumi Road, Waikura was granted at the end of June.

Monte Captial Limited is owned by Christian Welte. Mr Welte has a background in bio-engineering, and he won a major Swiss environmental award in 2008 for a biomass energy plant he helped develop in Germany.

According to the Overseas Investment Office, he wanted to develop long-term investments in natural resources outside Europe.

In relation to the Te Kumi Station purchase, the Overseas Investment Office decision said the overseas investment is likely to lead to improved walking access along the three waterways that border Te Kumi Station, environmental protection measures including some predator control, and more capital for development.

Monte Capital Ltd also intends to create a small number of jobs and introduce deer farming on the land, which is likely to result in some additional processing in New Zealand as well as exports.

Monte Capital has existing investments in New Zealand in sheep and beef farming and forestry, including investments in land adjoining Te Kumi Station.

Registered in Gisborne

Monte Capital Ltd was registered in Gisborne on May 28, 2010.

In May 2014 Monte Capital bought Waitangirua Forest, 533 hectares located at Kokomuka Road, Lottin Point, East Cape for $2.1 million.

In June 2012, a division of Monte Capital, Monte Forestry Limited, was approved to buy the 1,210 hectare Mohau Station Waikura Valley for $3,620,000.

Monte Forestry’s first purchase in the Waikura valley was in November 2011 when the Overseas Investment Office approved sale of three East Coast stations for $21.25 million. Waikura and Pakira stations, totalling 5,022ha of freehold and 1,480ha of leasehold and licensed land, were sold for $16.25m by the Ingleby Trust to Monte Forestry Ltd.

The company bought nearby Rewhetu Station (1,926ha), also in the Waikura Valley, for $5m.

The business wanted to combine the three adjoining farms into a single forestry and sheep/beef farming operation.

New areas of forestry have been planted on erosion-prone and steep land to meet East Coast Forestry Project and the Council’s Overlay 3A erosion control aims.

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