The Government will clarify the criteria for foreigners buying New Zealand farmland in the coming days, and in the longer-term tighten how easily that land can be purchased by overseas buyers.
- NZ Herald
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28 November 2017
The New Zealand Superannuation Fund has made its first offshore farm investment, taking a stake in Australian beef stud Palgrove for an undisclosed amount.
- NZ Herald
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04 October 2017
Agribusiness represents a substantial opportunity as well as a priority or even a problem for investors in Asia
- Asia Asset Management
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31 July 2017
Private-equity giant KKR nears $70 million deal for some of the endowment’s farm holdings, including 8,500 acres of dairy farms on the South Island of New Zealand
The New Zealand Superannuation Fund, which has bought up 21 local dairy farms as part of its push into rural land investment, is looking outside the dairy sector for its next foray, eyeing land used for beef and permanent crops and expansion into Australia.
Last year, a total of 466,000ha was sold to offshore buyers with Overseas Investment Office approval - a five-fold increase on the previous year.
Shanghai Maling's acquisition of a 50-percent interest in Silver Fern Farms, the largest livestock processing and marketing entity in New Zealand, includes 1,769 hectares of "sensitive land".
- China Daily
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07 December 2016
Milk NZ, the local unit of Chinese investor Shanghai PengXin Group, is facing new hurdles with its New Zealand investment plans after being knocked back by the government last year over its proposed $88 million purchase of Lochinver farm.
Opposition parties criticized the government for not revealing documents related to the expenditure of $11 million on a farm to breed sheep in Saudi Arabia for the interest of a Saudi businessman who owns a sheep farm in Hawke's Bay, New Zealand.
The 1317 hectare farm was sold in 2014, on the advice of the Overseas Investment Office, to Ceol & Muir, a company established with the help of Panamanian law firm Mossack Fonseca.
The processes of the Overseas Investment Office are proving to be a barrier to some companies looking to buy New Zealand land.
The Government office which decides whether or not to allow foreigners to buy sensitive New Zealand land will receive a 25 per cent boost in staff and new enforcement powers.
- TV New Zealand
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04 May 2016