IKEA gets more OIO approvals for NZ forestry land

The investment arm of IKEA's parent company has had three successful OIO applications in 2025. (Image: DepositPhotos)

Mon, 12 May 2025

The owner of the Swedish-founded furniture company IKEA continues to expand its forestry footprint in New Zealand. Three successful Overseas Investment Office (OIO) applications this year brought its total land acquisitions to about 27,000 hectares, valued at close to $370 million.OIO records show Ingka Investments – the investment arm of IKEA’s parent company, Ingka Group – has received approval for 29 applications to purchase large tracts of NZ farmland since 2021.The first 27 approved applications disclosed purchase pr...

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