Caniwi Capital in $60M Tegel factory buy-up, signals $100M more to spend

Thu, 25 Jul 2013

July 26 (BusinessDesk) – Wellington-based private investment company Caniwi Capital has spent $60 million to buy two recently refurbished, long lease chicken processing plant leases from the Tegel chicken company, and says it has up to $100 million more to spend on other assets that fit is investment criteria.. The purchase means Caniwi is estimated to be one of the top four or five New Zealand-based buyers of domestic commercial property, says its founder, former investment banker Troy Bowker. The two poultry processing plants are in Christc...

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