A couple hoping to sell historic Central Hawke's Bay farm Gwavas Station would like to stay on as equity partners to avoid leaving a property which has been in the family more than 1 centuries.
The 1179ha station, including 178ha on long-term lease, is being offered by John and Fiona Hudson,
having been in the Hudson family since 1856.
The equity partnership sell-down aims to attract shareholdings of between $500,000 and $6 million, depending on the number of investors.
Bayleys Real Estate says Mr and Mrs Hudson intend to retain a 30 per cent stake, but may consider other options.
The property, capable of holding 13,500 head of stock, has been developed as an intensive pastoral farm, and Bayleys Hawke's Bay director said the private offering suits passive investors with long-term interests in New Zealand's primary produce sector.
Under the equity partnership proposal, Mr Hudson would continue as manager and maintain a shareholding, but he would consider an outright sale offer.
