Caniwi Capital in $57mln purchase of Inghams properties from US investor

Fri, 18 Jul 2014

By Pattrick Smellie July 18 (BusinessDesk) - Wellington property investor Caniwi Capital has bought and leased back seven of nine New Zealand properties housing Inghams Enterprises chicken farming operations in a $57 million deal that releases capital for Texas Pacific Group, the US private equity firm that paid A$880 million for the Australasian Inghams operation in March last year. The transaction represents the New Zealand leg of TPG's plans, announced in March this year, for the sale and leaseback of A$650 million of Inghams properti...

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