Half the shares in a large pastoral farming operation, New Zealand Pastures Ltd (NZP), are being offered for sale.
NZP is a private company that owns seven properties in Otago and Canterbury with a combined value over $100 million. Its portfolio comprises two partially irrigated and five dryland farms, ranging in size between 958ha and 7,533ha that have been predominantly managed as lamb and beef grazing and finishing units. Combined land area is 23,500ha with an assessed carrying capacity around 140,000 stock units.
The sale is being handled by Greg Anderson, a director of Northington Agricapital and Shane O’Brien, national director of rural and agribusiness for Colliers International.
Northington Partners has recently completed a pre-IPO capital raise for Straker Translations,...
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