Ikea parent group buys Otago farm for forestry investment
Ingka Group will convert the 5500ha Wisp Hill Station to forest.
Andrew Bevin
Thu, 16 Sep 2021
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Rich List
Ikea's parent group has purchased the 5500-hectare Wisp Hill Station in the North Catlins to establish a carbon sink forestry project.
The Swedish retail behemoth’s parent, Ingka Group, will initially plant 330ha in radiata pine, eventually planting another 3000ha of the site over five years.
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Andrew Bevin
Thu, 16 Sep 2021
Contact the Writer: andrew@nbr.co.nz
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Ikea parent group buys Otago farm for forestry investment
Property,
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