Waipipi Forest, Masterton, Wellington

Situated in the Whangaehu Valley, just north of Masterton in the Wairarapa, Waipipi Forest offers scale, favourable contour and a strategic regional location.

The property comprises 667 hectares (STS), with a net stocked area of 595.3 hectares. Established in Pinus radiata between 2023 and 2025, the forest is registered in the New Zealand Emissions Trading Scheme (ETS), providing a balanced investment opportunity across both carbon and timber income streams.

The total registered ETS area is 635.7 hectares, including 613.1 hectares of Pinus radiata under averaging accounting, with a further 22.5 hectares of exotic hardwoods and indigenous forest registered under stock change accounting.

The land is predominantly classified as Land Use Class 6, with a small component of Class 7. Terrain is generally of moderate erosion risk and is well suited to a combination of ground-based and cable harvesting systems, allowing operational flexibility at harvest. A detailed harvest plan is available within the data room.

Primary access is via Clelands Road off Whangaehu Valley Road. In addition, the eastern boundary meets Mangarei Road from Bideford, providing further access options.

Logistically, Waipipi Forest is well positioned — just 33 kilometres from the Kiwilumber and JNL sawmill facilities in Masterton, which is also home to the region’s rail head. Export markets are serviced through CentrePort Wellington, approximately 123 kilometres away, supporting efficient and cost-effective log transport.

This offering is further complemented by Ngakonui Forest, also located in the Wairarapa, comprising 253.6 hectares of net stocked area with similar forest attributes. Together, Waipipi and Ngakonui provide a combined net stocked area of 848.9 hectares, creating a substantial and scalable forestry investment opportunity.

Waipipi Forest is offered to the market by way of a two-stage tender process, with Stage One (non-binding) closing at 2:00pm on 19 March 2026.