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New Zealand Rural Land Company finalizes $18.84 million sale of orchards to Craigmore Sustainables partnership.
Nov 03, 2026
Contract Type
partnership
Vincent CommunityAgriculture and FarmingFarming
Description
New Zealand Rural Land Company has completed the unconditional sale of five orchards in Hawke’s Bay to a partnership managed by Craigmore Sustainables for $18.84 million. The net proceeds from this sale will be utilized to repay bank debt, with settlement expected within five working days.
Company Information
Company
New Zealand Rural Land Ltd
Location
Vincent Community, Otago, New Zealand
About
New Zealand Rural Land Co. Ltd. focuses on investing in high-quality rural assets across New Zealand. The company aims to expand its portfolio in the horticultural sector. It is involved in consolidating rural land to enhance investment opportunities. Their goal is to capitalize on the growing demand for productive agricultural lands.