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NZ Rural Land Co's first deal $114m purchase of Van Leeuwen farms

Paul McBeth
Fri, 30 Apr 2021

The 14 farms span 6,350 hectares.
Paul McBeth
Fri, 30 Apr 2021
New Zealand Rural Land Co has clinched its first deal buying 14 Van Leeuwen dairy farms out of receivership for $114 million and leasing them back to the Dutch migrant.Director Chris Swasbrook said NZ Rural Land Co had conducted due diligence on the South Canterbury and North Otago farms for four months before signing the conditional agreement to buy the land. The 14 farms span 6,350 hectares.“This deal is large in scale, and it’s inescapable that this is premium land that had capital structure problems,” Swasbrook told Busine...

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