KiwiRail sells Clifford Bay land
KiwiRail has sold land once tagged for its South Island ferry terminal at Clifford Bay to a winegrower.
The 413-hectare site, owned by Clifford Bay Ltd since 1993, was placed on the market this year.
The land, south of Blenheim, has been sold to Peter Yealands for an undisclosed sum.
KiwiRail's national manager of property, Andrew Robinson, said the rail operator had a duty as a state-owned enterprise to make a return on its investment, "and this sale fulfills those requirements".
The Government last year decided not to proceed with the development of a terminal "and therefore the most sensible option is for [the site] be sold", he said.
Yealands, the principal of Yealands Wine Group, also owns the historic Flaxbourne Station and said he planned to upgrade both properties.