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
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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