Ingka’s team has already purchased forests in Southland, Otago, Nelson, Hawke’s Bay, Bay of Plenty and Northland. But, as Ingka Investments Forestland country manager for New Zealand Kelvin Meredith explained, the company has its sights set further. “There’s still a desire from the Ingka Group to keep investing in forestry, because it’s a good investment. Coincidentally, it really coincided with the big carbon planting boom, but that was never really on the radar to plant for carbon. Since 2021, Ingka has afforested approximately 15,000ha of previously cleared pastoral land it says is “unsuitable for agriculture”.

Source: New Zealand Herald February 01, 2026 23:04 UTC