Synlait settles Pokeno land dispute

Fri, 06 Nov 2020

Synlait Milk and New Zealand Industrial Park and Karl Ye have reached a settlement regarding historic land covenants at the company’s Pokeno site, Synlait said in a statement.Further details of the settlement agreement will not be disclosed due to confidentiality. However, the settlement price “was reasonable and not material to Synlait,” it said.The company bought the land in February 2018, conditional on the seller, Stonehill Trustee, procuring the removal of covenants which restrict the site's use to grazing, lifestyle...

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