Hawkes Bay kiwifruit farm sells for $40.2mn

Wed, 18 Jan 2017

By Rebecca Howard Jan. 18 (BusinessDesk) - New Zealand’s kiwifruit industry continues to surge ahead and a recent orchard sale underscores confidence in the sector. A 66-hectare kiwifruit orchard in the Hawkes Bay area recently sold for $40.2 million, something PGG Wrightson Real Estate general manager Peter Newbold said was unusual. “Not many of this size come on the market. Kiwifruit orchards normally sell in the 100s of thousands or single digit millions,” he said. Just over six years ago, New Zealand’s Kiwifruit sector was decim...

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