Still logging deals: Ikea’s forest chequebook far from closed on NZ soil

Recently planted trees at Wisp Hill Station. (Image: Tony Shepherd)

Tue, 28 Oct 2025

“We don’t have an end goal at this point.”That’s how Simon Honour, the man tasked with buying up forests and farmland for the investment arm behind Ikea, sums up its appetite for New Zealand land.Over the past four years, Ingka Investments has steadily acquired land across various parts of the country, amassing 30,000ha – 20,000 of which are currently productive – through more than 30 transactions worth approximately $616 million.The Swedish-headquartered investment business is owned by Ingka Group,...

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