A Malaysian company has been given consent to buy a nearly 460ha sheep and beef farm in Western Southland.
The Overseas Investment Office gave the consent to the 100 per cent Malaysian-owned company Pine Plantations Private Ltd to buy the farm - near Tuatapere - from vendors Ayson and Karen Gill for $4 million.
The consent states the company intends to develop about 330ha of the land into a commercial forest, principally in pine trees.
Planting was intended to start in 2021-22, for the trees to be harvested in up to 30 years.
A house and 12ha of land on the farm was not required and would be sold.