Ikea franchisee gets green light to buy more land for forestry

Ikea franchisee gets green light to buy more land for forestry
The forestry tracts will be owned by Ingka Group, the largest franchisee of Ikea stores globally. (Image: Ikea)
Rebecca Howard
The government has given the largest franchisee of Ikea stores internationally a green light to buy another 1,120 hectares for forestry in New Zealand.The land spans three different purchases and in all cases, the applicants are Ingka Investments Forest Assets NZ and Ingka Investments Management NZ.    They are owned by Ingka Investments BV, the investment arm of Ingka Group, which is the largest franchisee of Ikea stores internationally.Only one of the purchases – just over 400 hectares – is currently in use as a sheep, b...

More Primary Sector

Job cuts on the table at embattled BX Foods
Primary Sector

Job cuts on the table at embattled BX Foods

The meat processor operates a plant in Oamaru.

Riley Kennedy 25 Jul 2024
Foresta parts ways with managing director Ray Mountfort
Primary Sector

Foresta parts ways with managing director Ray Mountfort

The company assured shareholders plans for a biomass plant in Kawerau are on track.

Greg Hurrell 25 Jul 2024
NZ raises its concerns with EU over deforestation regulation
Primary Sector

NZ raises its concerns with EU over deforestation regulation

The regulation is tipped to pose “quite significant burdens”.

Riley Kennedy 25 Jul 2024