Listed Companies

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...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Policy
Nash promises Milford money won’t go on talkfest
Paul McBeth | Sat, 08 May 2021

Stuart Nash wants to see things happening within two years. 

Transport
Safety studies reinforce need for 7 air traffic towers
Brent Melville | Sat, 08 May 2021

Airways NZ hasn't got its own way with regional airport closures as independent reviews back the need for continued safety oversight.

Technology FREE
Review: reMarkable 2 tablet a fine business tool
Henry Burrell | Sat, 08 May 2021

The beauty of this tablet is how unlike an iPad it is.

Partner Content
Productivity concerns and signs of stagflation

Inflation is to be expected in New Zealand, and whilst costs and prices rise, output capacity appears constrained, at least in the short-term; raising the possibility of stagflation.

Sponsored
What you do matters - keeping our crowded places safe

FIRST Security's Chief Operating Officer Steve Sullivan looks at how venue operators and event organisers can implement the new government strategy to protect staff and visitors from armed attacks.