Pengxin widens NZ farm portfolio, buying 13,800 hectare Lochinver Station

Fri, 01 Aug 2014

Aug. 1 (BusinessDesk) - Shanghai Pengxin Group is adding to its portfolio of New Zealand dairy assets with agreement to acquire the 13,800 hectare Lochinver Station near Taupo reportedly worth $70 million. Lochinver Station "features both exceptional scale and standard, currently operating as a profitable sheep and beef breeding and finishing station supplemented with dairy grazing. It is predominantly flat to easy hill country, ensuring the farm’s potential for a range of farming systems, including dairying, dairy support, stud...

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