IKEA-linked firm buys 1118 hectares at Gore for forestry


Marion van Dijk/StuffSubsidiaries of Ingka Group, the largest worldwide franchisee of IKEA stores, have Government-approval to purchase 1118 hectares of farm land at Waimumu, near Gore, for foresty. [File photo]A southern councillor says selling farm land to overseas companies for forestry is short-term gain for long-term pain. Subsidiaries of Ingka Group, the largest worldwide franchisee…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Stock market news live updates: Stocks, oil slide to start week as COVID protests erupt across China
How high-interest rate cycles impact the stock markets
Falling house prices will help the Fed tame inflation – but they also increase the risk of a prolonged economic downturn
Wildlife crime remained at record highs in 2021, report suggests