Overseas buyer for Gore farm

Last updated 05:00 06/05/2014

Relevant offers

Dairy

Synlait Milk plant approved, waiting on China New Synlait Milk canning plant gains MPI approval More Canterbury farmers obey poo rules A2 growing but little profit Westland Milk's forecast dives under $6 Big dairy deal fillip for south Business welcomes Fonterra expansion Fonterra's Chinese food deal a 'game-changer' Fonterra workers get down in the mud Fonterra plans China partnership

A dairy farm near Gore has been sold to an overseas investor for about $13 million.

Consent was granted by the New Zealand Overseas Investment Office for Dynamic Asset Management Company (Luxembourg) to purchase the land from Delamare Farms Ltd.

Approval was granted for the acquisition of a freehold interest in 408 hectares at 196 Te Tipua Valley Rd.

Gerrit Jan Bos and Gerritdina Geertruida Bos are listed as two of Delamare's directors.

The new owner intends to convert the farm from a self-contained dairy operation to a milking platform.

A milking platform uses its land for the sole purpose of milking and does not have aspects to it such as winter grazing crops and young heifers.

A sum of $12,900,000 was quoted on the Land Information New Zealand website decision document.

The website decision says the applicant was Dynamic Asset Management Company (Luxembourg) S.A. on behalf of DMC Fund FCP SIF - Agriculture Real Assets Sub Fund, Switzerland (100 per cent). 

Ad Feedback

- The Southland Times

Special offers

Featured Promotions

Sponsored Content