Solid Energy's Mataura farms hit market

LAUREN HAYES
Last updated 05:00 13/02/2014
Mataura
Fairfax NZ

TENDERS INVITED: A view of some of the farmland, near Mataura, which state-owned coalminer Solid Energy is offering for sale.

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A block of Eastern Southland farmland, stretching across more than 2000 hectares, is for sale.

The land, owned by state-owned coalminer Solid Energy, is believed to be one of the largest offerings of New Zealand dairy land. It is being sold by tender through PGG Wrightson Real Estate.

PGG Wrightson Real Estate general manager Peter Newbold said the block, made up of nine farms, was released for sale yesterday.

The properties included three dairy farms, two dairy support or conversion farms, and four properties he would consider as dairy support farms, he said.

The farms, ranging from 33ha to 399ha, were within a 5-kilometre radius between Mataura and Gore, and were likely to be well-received by the market, he said.

"In the past few months, demand for dairy land has exceeded supply . . . This portfolio should create a positive response from farmers and investors looking to take advantage of the favourable current conditions for dairy products."

Open days for prospective purchasers are expected to be held between now and mid-March, with a tender closing date of April 3.

Solid Energy bought the properties to secure access to the large lignite coal resource in the district, but it no longer required the land.

Representatives from Solid Energy could not be reached for comment yesterday.

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- The Southland Times

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