Why ANZ Investments bought almost 10% of NZ Rural Land Co

Tue, 22 Dec 2020

ANZ Investments is taking a long-term view in buying almost 10 percent of New Zealand Rural Land Co, which debuted on NZX after raising $75.6 million.Craig Tyson, head of Australasian property securities at ANZ Investments, said the investment isn't without risk, but it’s a bet on the long-term value of NZ rural land."We know the farming sector is highly volatile. How are farmers going to pay the rent – that's our biggest risk in this if commodity prices collapse," Tyson said."But if you had invested in rural...

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