NZ Rural Land always on the hunt for acquisition, but not in a hurry

NZ Rural Land owns apple orchards in Hawkes Bay and Central Otago. (Image: Getty)

Thu, 14 Nov 2024

New Zealand Rural Land Company co-founder Richard Milsom says the company is always looking for high-quality land acquisitions. However, he added it is prepared to take the time to get it right.The NZ Exchange-listed (NZX) entity's initial public offering in December 2020 raised $75 million. The company pitched itself as a rural landlord leasing the land it acquires to experienced tenants under long-term agreements.One of NZ Rural Land's (NZRL) first acquisitions was 14 South Canterbury and North Otago dairy farms for $11...

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