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...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Stay informed on business, government and financial developments across New Zealand.
Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets Market Close

Pacific Edge soars on busy day for NZX

The S&P/NZX 50 Index had a late flurry.

Graham Skellern 6:20pm

Markets

Pacific Edge shares soar on hope for US market

The news should force a reconsideration by Novitas.

Rebecca Howard 3:00pm

Pacific Edge shares soar on hope for US market

Markets

Rocket Lab says new rocket is still on track

CEO Peter Beck dampens down fears of a long delay and confirms a 2025 launch.

Dileepa Fonseka 2:35pm

Rocket Lab says new rocket is still on track

Sponsored

A taste of NZ luxury at 40,000ft

Singapore Airlines upgrades in-flight dining with Sid Sahrawat.

Singapore Airlines

Sponsored

Study NZ’s top MBA – on your terms

A world-class master's that fits around work and family life.

University of Aukland Business School

More Primary Sector

Primary Sector

Wools of New Zealand setting up online marketplace for wool

Wools of New Zealand is set to launch an online marketplace for the wool industry.The Natural Fibre Exchange (NFX) will enable farmers to sell their wool direct to both local and international manufacturers, allowing faster price discovery and feedback on wool types and specifica...

Staff reporters 12:15pm