Stevenson ran 'exhaustive' tender for Lochinver, seeks capital for quarrying

Sun, 03 Aug 2014

By Jonathan Underhill Aug. 4 (BusinessDesk) - Stevenson Group, the concrete, quarrying and engineering firm that owns Lochinver Station, ran an extensive tender before agreeing to sell the 13,843 hectare farm to Shanghai Pengxin and says it will reinvest the funds in other businesses. The sale of the mega-farm near Taupo has reignited concerns about the sale of large tracts of land to foreigners, with both Conservative Party leader Colin Craig and New Zealand First leader Winston Peters making it an election issue, while the Greens want r...

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