Investors are being sought for a 16 hectare gold kiwifruit orchard at Paengaroa, at the eastern end of the Tauranga Eastern Link.
Rural investment specialist MyFarm is seeking $6.3 million from investors for the Expressway Orchard Limited Partnership - the third kiwifruit orchard syndicate to be established by MyFarm in the past two years.
Chief executive Andrew Watters said it had taken two years to secure a gold kiwifruit orchard with the key attributes investors were looking for.
"It is a very competitive market for quality orchards with established gold vines. We're thrilled to find a property that is established but also has a development component that will add value for investors."
The orchard adjacent to the Te Puke golf course comprises 9.83 canopy hectares already planted in Gold; 2.9 cha of Hayward (green) and 3.3 cha of G14 (green) which will be replanted in Gold over the next five years. Paengaroa is a prime kiwifruit growing area, favoured for its climate, low altitude, flat contour and free draining soils.