NZ Rural Land sells 25% of portfolio to Australian investment fund

Fri, 19 Jan 2024

New Zealand Rural Land Company is selling 25% of its portfolio to an Australian investment fund as part of a wider restructuring of the NZ stock exchange-listed company.The landlord is selling the equity interest for approximately $44.2 million, with the transaction expected to be completed on Feb 8. The investor is a fund managed by private markets investment manager Roc Partners.The transaction is conditional on a company restructure that will transfer NZ Rural Land’s group assets, except for cash on hand, into a limited partnershi...

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