NZRL announced to the market this afternoon that it had entered into a unconditional agreement to purchase the farms, totalling 3500 hectares, from Dairy Farms Partnership. File photo / Alex Burton
NZX-listed New Zealand Rural Land Company has bought six dairy farms in Maniototo for $61.4 million.
NZRL announced to the market this afternoon that it had entered into a unconditional agreement to buy the properties, totalling 3500 hectares, from Dairy Farms Partnership (DFP).
There are 17 houses, five dairy sheds
and multiple ancillary buildings on the farms.
The properties will be leased back on a short-term deal to the vendor until May 31, 2022.
