Saturday, April 20, 2024

Landcorp farms on the market

Avatar photo
PGG Wrightson will market the Landcorp farms being put up for sale in the coming months.
Reading Time: < 1 minute

The farms total about 11,650 hectares and are mainly sheep and beef units.

The properties should attract an enthusiastic response, PGG Wrightson real estate general manager Peter Newbold said.

“In the regions where these properties are situated, there is a shortage of farms for sale of the quality and scale that these exhibit.

“As the country’s largest farmer, Landcorp has an excellent reputation and these farms present favourably.

“We expect prospective buyers will be keen to inspect them and anticipate they will attract solid offers,” he said.

Two of the properties, the 1483ha Copper Road Farm, an extensive sheep and beef breeding property 88km southwest of Dunedin, and the 120ha Caroline Terrace, a cattle grazing block with development potential on Cape Foulwind Farm near Westport, go to market this month.

First rights of refusal for various iwi are in place on a further eight properties in the Landcorp portfolio.

Depending on iwi decisions made relative to those rights of refusal, any farms still available were expected to be offered for sale in late January and early February.

Total
0
Shares
People are also reading