Canadian Mounties buy Oxford dairy farms
- Stuff
- 06 January 2016
The sale of two New Zealand dairy farms to a Canadian government pension fund has been approved by the Overseas Investment Office.
The sale of two New Zealand dairy farms to a Canadian government pension fund has been approved by the Overseas Investment Office.
Craigmore highlighted resilient demand for investing in dairy, as it revealed it had raised $51m for its second New Zealand farmland fund, 14 months after closing its first.
"There is no limit to the scale we can achieve" says Farmland Partners CEO, as his company plans to branch out from US into Australia and New Zealand.
Global agricultural investor the Westchester Group, owned by pension fund manager TIAA-CREF, is on the hunt to buy farms in New Zealand, after focusing its investment attention for the past 25 years on agriculture in the US, Australia and Brazil.
United States investors were the largest investors in our dairy land during 2013-2014, analysis by KPMG has revealed.
Dakang New Zealand Farm Group, which is 55 percent owned by Shanghai Pengxin, has quit efforts to buy 10 farms in Northland, citing five months of silence from the Overseas Investment Office.
Dairy investors John Penno and Juliet Maclean are selling out of Chinese-controlled Purata Farms, the Canterbury corporate they founded 15 years ago as Synlait Farms.
The 25 farms of Van Diemen's Land Company in Tasmania are expected to be of interest to multiple trade investors, institutional investors, sovereign funds and also agricultural funds.
A unit of China's state-owned Bright Food Group Co Ltd will take a half share in New Zealand's biggest meat co-operative for $197 million, as China looks to import more of the country's agricultural products.
Pengxin's attempt to transfer New Zealand assets to Chinese agricultural company Hunan Dakang in the middle of seeking approval to buy 14,000 ha sheep and beef farm seen as "bizarre".
European interests extending their dairy holdings in New Zealand are among the latest land sale approvals for foreign buyers, says New Zealand First.
New TIAA-CREF fund will invest in “high quality farmland assets” across North America, South America, Australia and parts of Europe with a focus on major grain exporting regions.
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